New up trend

Uptrend began on the bottom of the support
Confirmation : bullish engulfing candle
Retested once breaking out of the previous down trend channel
Broke Resistance of the 4 hour chart

Entry : After candle that forms after retest
Stop loss : below candle that retest
Take profit : next zone
Multiple Time Frame AnalysisParallel ChannelSupport and Resistance

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