Also, before price gets to that resistance zone that you’ve drawn in there on the daily chart I assume, it will have to break through the monthly channel resistance level.
ThaboSchroedingerNtibi
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@LordPeacock, monthly resistance you mean at which price ?
LordPeacock
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There’s a good opportunity to hop in on the LONG trade until it gets to that point. May want to wait until price breaks through the 1H minor resistance zone where it created a double top in its last several hours. I believe when price breaks through, then pulls back, many pips to be made before the short opportunity