Similar to GBPCAD analysis but here we have a candle close outside of the channel, could be a false breakout. But I'd like to see price break and retest a weekly level for a long position. Will update if price decides to go back into the channel.
Multiple bounces off channel. Waiting for a weekly level touch for a long position.
1) Ascending channel on 4h 2) Rejection on discounted fib level Additional confluences i'm waiting for: 1) 4h close 2) 2 1h wick rejections on weekly key level (where price is currently at)
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