Price is moving into a rising channel and is retracing to its lower parallel into a corrective structure. Buying the retest of the parallel is a nice idea.
we were stopped out .... but i took a lesson from this trade ...interms of price action ...we didnt get a rejection candle on the support but instead we got a strong breakout and a retest on the support which turned into a resistance .... Thank you Mr John
melvin414
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loooks like a trend is broken ..... support didnt hold ...
Fxprotrader
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@melvin414, That's right but my setup is still active