Pair has channeled down to a reaction zone. My preferred is we break up above a descending line, retest and head back up to the 38 Fib extension line. If we break down, look for a retest of broken support line before taking a sell position.
Wait for confirmation candles!
Wait for confirmation candles!
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Here's a closeup view of the descending line I'm looking for a break above. Red arrows are the closer view pattern I'm looking for.
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