On the chart we can see a descending channel pattern.
If the price retests the downsloping support , it would be the entry for a long position.
The target would be at the downsloping resistance.
Invalidation of this trade would be if the price closes below the downsloping support line.
If the price retests the downsloping support , it would be the entry for a long position.
The target would be at the downsloping resistance.
Invalidation of this trade would be if the price closes below the downsloping support line.
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