Price has overall been travelling in a DESCENDING channel , price hit the bottom of the channel and now price has broken above the mini descending trend line it was following quite strongly. we expect price to move down to the descending trend line as it has also formed an ascending channel wile breaking out.
We believe price will move up all the way to the top of the channel...
Trade closed: target reached:
PRICE SHOT STRAIGHT THROUGH THE CHANNEL TO THE DOWNSIDE, TP HIT FOR TRADE 1 , SL HIT FOT TRADE 2