A very simple setup, price broke channel to the downside and is bouncing from it. Happy Trading.
Comments
IceTrading
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excellent call, 1up
riskmode
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Your stop loss seems so arbitrary man. It is dumb luck you didn't get stopped out.
FullTimeTrader
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Its difficult to explain more details here, but this is a simplified chart to save time, i used other indicators a trading systems to make a final decision.