price broke up the channel in 1H timeframe
Updated
price broke the upper line of the channel so after a good pullback to that line it starts to go up and you can open a long position (for short term traders).
stop loss: just under the upper line of the channel
take profit: first target is the middle line of upper channel (green channel) and second target is on upper line of that channel
stop loss: just under the upper line of the channel
take profit: first target is the middle line of upper channel (green channel) and second target is on upper line of that channel
Trade closed: stop reached
our stop loss is activated so we should wait and see what is the next move of the price if it won't break this resistance it might be a start for a large descending wave.
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