Price has respected this ascending channel beautifully with multiple touches on both trendlines, confirming the structure. We recently saw a break of structure (BOS) followed by a strong bullish push.
Currently watching for a short-term pullback into the 4H support + FVG (Fair Value Gap) zone, aligning with the midline of the channel. If price reacts bullish here, I'll be looking for a continuation toward the upper trendline and potential new highs.
Trade Setup:
Entry: At support/FVG confluence
SL: Below the FVG zone
TP: At the upper channel resistance
Currently watching for a short-term pullback into the 4H support + FVG (Fair Value Gap) zone, aligning with the midline of the channel. If price reacts bullish here, I'll be looking for a continuation toward the upper trendline and potential new highs.
Trade Setup:
Entry: At support/FVG confluence
SL: Below the FVG zone
TP: At the upper channel resistance
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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.