Trading this back up to the top of channel where we can then look for better short opportunities. Keeping stop loss real tight with the holiday season and lack of volume
. Price had bounced off the bottom of the channel broke above the 0.71600 areas of resistance and now came back to that level which is acting as support.
If you go to the 15 min time frame you can see how the 0.71600 level had played support.
A 1:6 risk:reward trade. Will always take those odds on.
stop loss: 0.71400
LOOK TO YOUR LEFT FOR CLUES
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