So as we can see theres a descending channel that has formed , there's 2 things that needs to happen before the trade is completely valid. The descending channel has to break towards the upside , and then the market will need to break the resistance zone @ 160.81 confidently. And then we will place a buy limit at that resistance zone looking for tp @161.40 .
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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.