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The_trading_globe
20 de Nov. de 2020 13:13

Price Excessing Parallel Channel  

British Pound/U.S. DollarFXCM

Descripción

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.
Comentarios
Streezy
Clean and nicely done.
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