The trend is up in this pair and we have a new trend signal here corroborating it.
Take a look at how a linear regression from the bottom to the recent top looks, it accommodates the current signal projection well with a 3x standard deviation of the (high+low)/2 based channel here.
Stops a bit under the 'mode' would cut it, give it 0.25-0.5x ATR of wiggle room below for risk management cues.
Best of luck!
Cheers,
Ivan Labrie.
Take a look at how a linear regression from the bottom to the recent top looks, it accommodates the current signal projection well with a 3x standard deviation of the (high+low)/2 based channel here.
Stops a bit under the 'mode' would cut it, give it 0.25-0.5x ATR of wiggle room below for risk management cues.
Best of luck!
Cheers,
Ivan Labrie.