Be aware, this could be fast and pretty soon
In the Daily time frame, you will see that still we are in the same channel since 2016 started. But where to go then inside that red channel we´re rebounding along? If you go back all 2016, will find the blue circles price action in the AXY to be something as a pivoting level. In the past, surpassing that level will take us very fast to reach next level. So, if a channel is still a channel in tech analysis, then my next trade will be trading the bear trend below 75.150 or EP. TP1 73.590, lets see then, and TP2 71.500. I will take first TP1.
Trade active
Ups ..... lets go baby.Trade active
Remember to take your profits step by step. TP1 73.590Trade closed: target reached
Ande here is your TP1.
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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.