The descending channel is formed in the one-hour time frame Currently, the short-term trend is downward Because the market has an upward trend, it is better to wait until we see upward signals from the chart and enter the long trade. Breaking the trend line or descending channel is one of these signals.
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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.