Minor channel support broken near top of major channel. Sell Stop pending at indicated levels. Bit of an "M" pattern reinforces confidence in the position.
If price re-enters the minor channel for continuation to major channel's resistance the position will be invalidated and we'll go back to the previous (tagged) set up.
If price re-enters the minor channel for continuation to major channel's resistance the position will be invalidated and we'll go back to the previous (tagged) set up.
Trade active:
Got in at a slightly lower price. Will post chart with current position in comments.
Comment:
Profit secured. SL moved down to .9826
