We have pushed away from the strong support zone, therefore will be waiting for our next scenario – sell from the broken upstream channel upon the forming of the candlestick signals:



We see a possibility for sale from the broken descending channel combined with a strong support level of 0.6240:


We will place the pending order along the broken channel. Buy Limit 0.6250, Stop Loss 0.6200, Take Profit = 200 points (the height of the broken channel).


We will be opening sales close to the broken sloping upward channel and point #3 of the descending channel, where there is also a 50% Fibo from the recent impulse:


Sell Limit 3076.50, Stop Loss 3160.00, Take Profit 2840.00; 2610.00.

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