Now that price action has broken the resistance line, we can keep an eye out for a price drop. This is backed by the sharp ascending wedge we see on the 1HR chart which creates a good short term trading set up. You can also trade the drop down the bottom of the Daily Structure for about 165 Pips.
It is also completely possible that price is actually breaking through the resistance line and continuing a strong uptrend past the channel.
It is also completely possible that price is actually breaking through the resistance line and continuing a strong uptrend past the channel.
