After being in an uptrend for some time, price finally breaks out and consolidates across with the upper channel of the consolidation testing and failing to break the upper major zone area. Price then makes a false upper breakout and moves back into the channel with bearish momentum, which signaled a selling opportunity with the take profit at the lowest zone area
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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.