Price is bouncing within a descending channel. As price has hit bottom of channel, I expect the price to hit the top of the channel, thus why I chose to place my take profit at the top of the channel. The bullish engulfing candlesticks on the 4 hour show bullish momentum
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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.