With a strong break out of the ascending channel followed by a corrective structure, the set up will be more favourable for a short position .
But if a small correction is formed at this moment then the short set up will still be confirmed
But if a small correction is formed at this moment then the short set up will still be confirmed
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A pending order is in place with the entry just below the corrective structure , stop loss slightly above it and profit target set at the low/beginning of the ascending channel.