Price has completed a 3-wave structure, and is now showing some minor bounce at the bottom of the channel.
We are expecting price to make a new high should the rejection from this bottom holds true.
Potentially a very good risk-reward trade setup.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
We are expecting price to make a new high should the rejection from this bottom holds true.
Potentially a very good risk-reward trade setup.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
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