After breaking the ascending channel to down and the price failed to make higher high higher close level , which potentially indicate we will expect to see bearish trend , having said that we can see now a descending channel become clear and the trend keep doing lower low lower close , so expected bullish move at the mentioned zone up to the upper descending channel which may be will be good opportunity to be short position.
Trade closed: target reached
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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.