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The_trading_globe
Nov 20, 2020 1:13 PM

Price Excessing Parallel Channel  

British Pound/U.S. DollarFXCM

Description

The trend is an uptrend.
I have drawn a parallel channel. In it, the gravitational line is acting as a resistance line. The upper boundary and lower boundary has excess.
Price is moving out of the parallel channel creating the excess points.
The support points of the parallel channel are buying points.
Comments
Streezy
Clean and nicely done.
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