Not shorting this myself as I'm in 4 trades and it wouldn't be in keeping with my trade plan.
However - if it doesn't clear this obvious channel, now is a great time to short with a stop above R1.
However - if it doesn't clear this obvious channel, now is a great time to short with a stop above R1.
Note
In saying that, it's consolidating under the channel top at the moment. Consolidation under resistance = bullish. I'd probably not take this trade given that there wasn't the immediate reaction we saw the last 2 timesNote
There's also a POC of the range just below price action. This is not a trade in the end I'd takeOrder cancelled
Note
Lol looks like it might work out after all
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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.