Setup: Price has been testing the H4/H1 downtrend line failing to close above it, forming a triangular channel. We enter at the next bounce off the line, setting the SL at the previous high and TP at the psychological level of $54, with a possible extension to $53.11
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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.