Now the price is approaching the completion point around 1.52 where it could reverse and resume the up trend. I have also drawn in a speculative that is equal in width to the existing channel. This often acts as resistance although the price has not bounced of this before.
Target could be 1.57 around the base of the existing with a close stop below the speculative .
Remember markets do what they want to do, this is just an idea.
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