Prices have been moving inside the channel and now that the prices are closer to the top resistance level the following Options canbe possible: (hold before going for one of the below options) Option 1 - 50% Only if the resistance level of 2.40 Pound will be broken Option 2 - 50% Only if the resistance level of 2.40 Pound will NOT be broken
A Breakout of a support/resistance line could be considered valid only if the close price of a daily candlestick for at least two consecutive days is below/above the support/resistance level