Facing Rejection on Upper side
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Thank you for your time and support.
Stay safe.
Note
price exactly did the same thing ,came to channel mid way gave 40 pips approx.then bullish engulfing candle will take your TSL , Channel broke on upper Side so you ll have buy trade as well coz its 1Hr chart and there is also 30 pips you were sitting right now,
Lower part trade didn't executed coz Price didn't reach there.
we just follow simple price action.
Now Upper channel part should be new base for price so act accordingly.
Trade closed manually
Note
you can see by using play button why channel is important and how upper Daily rejection Zone is doing now.
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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.