Trade active
Note
This is tricky pattern. Where price breaks above the channel but does NOT make a higher high. It is designed to create confusion to get the MAJORITY on the wrong side. We now need to close above the recnt highs to suggest a further climb. Failure to do so will mean that the market will come back down and test support which stands at 1.25.The market is in a BREAKOUT MODE.
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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.