(4h, $USDHUF){4H, $USDHUF}
The general price movement is in an ascending-channel after price confirm the Support/Resistance of the channel
{Previous Price Action}
The price was Bouncing & pulling back inside the channel while it keep making HH/HL to confirm it's direction to upside, there's no Fake-outs has made before & this shows long-term price stability
{Current State}
After last pullback from Resistance-level of the mini-ascending-channel, price made first breakout under the Support-level of the channel, last movements showing that price start making Hh/HL in order to get back into the channel & it's normal state
{The Plan}
Wait for the price to get into the channel again so we can go Long & trade following the general trend direction after getting all confirmations of Rectangle-breakout.
{Alerts}
Set Alert at (304.245) level to catch next LONG movements after breakout & getting all Confirmations
{Valid Pattern}
Rectangle-pattern
{HQ Chart}
i.ibb.co
(Original post: stocktwits.com )
