SBK is still trading in a bullish channel and has bounced off its 50 day Moving average which also happened to be its bottom support channel line.
A move back up towards to upper channel resistance provides a 2:1 RR trade
A move back up towards to upper channel resistance provides a 2:1 RR trade
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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.