Pair showed a strong rejection of the 1.5970 level (bottom of channel on weekly chart spanning 2 years) and promptly shot upwards. Position was entered on the hourly timeframe after price broke above a tight consolidation phase right above channel boundary. Additional positions were added in the 15m timeframe as price periodically manifested continuation patterns.
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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.