On the 1h chart that long descending channel is still holding up well (see chart).
The first breakout to the upside failed, but now we have a second possible breakout to the upside!
In other words we have a "first train hiding the second train" type of situation here.
A clear breakout above 141.80 could very well send the Dragon higher and higher...
Just something to keep in mind.
The first breakout to the upside failed, but now we have a second possible breakout to the upside!
In other words we have a "first train hiding the second train" type of situation here.
A clear breakout above 141.80 could very well send the Dragon higher and higher...
Just something to keep in mind.
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