The price has been travelling in a bearish channel, and at the current price, its about to pierce the resisting trendline. If that happens upon the H4 candle close, we'll be looking to go long. This is just Trend analysis, Break and Retest Strategy.
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Disclaimer
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.