Long term trend - LONG
nature - Corrective phase
Pattern - Ascending channel
Stoploss - 25pips
Risk: Reward - 1:3
Ascending channel is suggestive of a reversal in trend from long to short
nature - Corrective phase
Pattern - Ascending channel
Stoploss - 25pips
Risk: Reward - 1:3
Ascending channel is suggestive of a reversal in trend from long to short
Trade closed: stop reached