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A Channel down pattern is trading range between diagonal parallel lines. It forms when an up or downtrend is formed between parallel support and resistance lines and suggests either a possible reversal in the trend or a change in the slope of the current trend.
Entry Price: 78.44
Take Profit: 87.50
Stop Loss: 77.29
I identified the price action of this pair appears to be forming a bullish 3 drive. wait for price retracement
ChristopherTrades
Entry price: 113.35
Target price: 120.55
Stop Loss price: 112.325