The price was expected to drop after breaching sideways channels, after it was in previous days in a strong upward movement, and whoever moved in sideways channels indicates the stopping of the buying force and the beginning of the exchange of roles between buyers and sellers.
It was entered early in the currency, selling and it met the target, and now I share this deal with you after breaching the uptrend.
The target was calculated with the shortest channel width in order to increase the probability of a correct exit from the trade.
The goal is to display the channels as shown on the chart.
If you have any questions, I will answer them in the comment below.
***Manage your risk and don't forget to***
--> FOLLOW ME FOR MORE ANALYSIS <--
It was entered early in the currency, selling and it met the target, and now I share this deal with you after breaching the uptrend.
The target was calculated with the shortest channel width in order to increase the probability of a correct exit from the trade.
The goal is to display the channels as shown on the chart.
If you have any questions, I will answer them in the comment below.
***Manage your risk and don't forget to***
--> FOLLOW ME FOR MORE ANALYSIS <--
Trade closed: stop reached