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Accumulation at base of descending channel
Fake-out possibly for liquidity grab
White faded dotted horizontal lines are key areas of R/S. Watch out! This accumulation could be strong enough to go up to 200pips from entry. Above all, manage your risk and obey your trading plans and rules.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable. Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can not afford to lose.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.