DislikedWell, she broke the channel and she is unsure, as expected really not every day one breaks a channel. I am still biased short on this pair, and am riding the M5 waves, never did take a LO trade on cable, focused on fibre instead. Next intermediate target for me is 4865, a pretty high probability setup based on the lTL of the channel forming support and she needs to have a go now to make a move inside the channel to determine whether this is a full blown retracement or a parallel channel forming in a bullish direction. I am holding back on an opinion...Ignored
at which point do you see new channel forming.
Is it only the break of 4865 (or your second target 4841) ,
or do we have to see some more LH and LL after the break,
before we can speak of a new channel?