Due to the following reason, the long position is good for me.
1. Higher time frame shows the ascending channel
2. Also lower time frame shows the ascending channel too. Thus it is much more possible that price will go beyond the channel
1. Higher time frame shows the ascending channel
2. Also lower time frame shows the ascending channel too. Thus it is much more possible that price will go beyond the channel
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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.