We are at the top of the channel here as shown. Some traders may see that we have broken horizontal S/R however, this could simply be the a break higher to complete the touch of the top of the channel. For the sell to be valid we would price to break this again firstly as shown.
www.wearebluefx.com
www.wearebluefx.com
Trade active:
Hit the area highlighted and running +33 - have stops to entry if you took this
Hit the area highlighted and running +33 - have stops to entry if you took this
Trade closed manually:
Close in full for +120 if you took this.
We could drop further on break - will watch and update a new idea if necessary