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Head and shoulders with in the channel.
Could either buy now - TP - 0.67111. SL - 0.65688
Or wait and until the right shoulder has completed and buy on the bottom of the channel. Buy 0.66139, TP 0.68429, SL 0.65855
What do you guys think, now the channel has been broken the bears will pull back hard or the resistance will be strong enough to bounce the price action back Long?
When the price reaches the upper resistance I predict a Elliot correction wave will kick in back to the lower band of support.
Description is on the chart.
Let me know your thoughts.
Speaks for it's self
This is my 1st chart so let me know what you think. It's simple but I think it looks like a strong possibility
BUY - 0.8703
SL - 0.86615
TP - 0.88697