After this market hit 61.8% Fib. retracement I believe it formed a next higher low inside the up going channel. Breaking below the channel will invalidate the idea. Please keep in mind it's just an idea and intend to be just that.
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It moved as expected. Continuation towards 1320 with possible bounce back down the channel or consolidation around the upper range of the channel with subsequent break out. Happy trading to all.
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Upper range coincides with 1.618 Fib and that is the Target for now.
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Idea is still alive and the trade is active. I bought in the range 1050 -1080. The market is still moving up the channel as described initially. Still targeting 1.68 Fib. extension. Happy trading.
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