The price moves in the channel . At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:
Conservative target was already reached.
You can long it now or short it at the resistance. Targets are shown on the chart
Good luck
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Double bottom failed but The downsloping support still holds
Trade closed: target reached
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Downsloping support held well and we saw a bounce towards the resistance. The target reached successfully! Congratulations!