We are at the top of the channel here as shown. Some traders may see that we have broken horizontal S/R however, this could simply be the a break higher to complete the touch of the top of the channel. For the sell to be valid we would price to break this again firstly as shown.

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Trade active
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Hit the area highlighted and running +33 - have stops to entry if you took this
Trade closed manually
Close in full for +120 if you took this.

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Note
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We could drop further on break - will watch and update a new idea if necessary
Chart PatternsTrend Analysis

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