Now the price may rise from around 1.5200 which completes the and is also a potential reversal point from the I have drawn in. This is a speculative one drawn in equal distance away from the existing channel. This seems to work more often than not.
Could target the at the base of the existing channel around 1.5700 with a stop around 1.5070 however if this trade idea works then a smaller stop could be used.
Again, the market will do what it does, this is only an idea.
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