Price is testing a smaller channel and holding. Good RR from the bottom of the channel, otherwise further confirmation with an upside break of channel
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The spike down today broke the previous low, which makes the trade setup less attractive. My stop was close to being taken out (within 1 pip!) but did not, therefore taking the opportunity to close here for break even
Good to see we are looking at the same thing. This spike down prior to the London open however invalidates the wave structure for me. I think it's still likely we move higher, but I will sit on the sidelines for this one.