The pair has broken the main channel ascending resistance, as well as the internal, dynamic sideways support also. The sideways resistance has proven to be very powerful in the hold down of price, and it may now push price further out of its trading range.
Waiting for a little more confirmation first
Tom
Comments
TheAnonymousBanker
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hi... similar view! :)
TomProTrader
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Ah yes, this has reminded me I did not put the extension target into my idea. LOL
TheAnonymousBanker
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great! :)
tcas
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It can be a false broken. There are 2 false broken of this TL. May be this is 3-d. Let's see.
TomProTrader
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Yep. As you can see I am fully aware of this revelation as I've displayed it on the chart already.