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We got our Retrecement and now price is going to test the Resistance of the Local Ascending Channel + Channel.
If there is a confirmed breakout of the Channel to upward we can initiate a Long position. Also the price can take a correction to the Mid Line of the Local Ascending Channel. In this case we can initiate a long position if there is a confirmed retracement of this point
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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.