After being rejected by channel resistance in previous instances, price has managed to break above and stay above this channel. Simple setup and channel target lines up with 1:2 aka 200% risk to reward ratio. Plan your trade and trade your plan!
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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.