Hi Traders!
The market is an uptrend.
As you can see the price is moving up since it reached the Support at 1.07300.
After that it was moving in a Parallel Channel.
A channel is made of two parallel Trendlines.
Price is moving between these.
In this case, we have two channels:
- the older one
- and the newer one.
The market just broke the channel.
We recommend to trade when the market closes this candle!
Thanks and successful Trading :)!
The market is an uptrend.
As you can see the price is moving up since it reached the Support at 1.07300.
After that it was moving in a Parallel Channel.
A channel is made of two parallel Trendlines.
Price is moving between these.
In this case, we have two channels:
- the older one
- and the newer one.
The market just broke the channel.
We recommend to trade when the market closes this candle!
Thanks and successful Trading :)!