After a year of ranging in a parallel channel, we have finally broken out. We should expect a re-test of the top trend line where we can hold our short and hope it enters back into the channel for a very nice downside move, or wait for further confirmation that we have a new trend forming.
Trade active
TP 1 Hit, half the trade running in hopes of entering back into the channel.Shooting for the 200 EMA as first support
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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.