Good morning traders!
We just saw a massive spike due to a positive PMI news event.
Prices broke out of the uptrend structure and are now forming a bigger channel. We have to see further price action to decide about a bigger structure in play.
The bias surely is up for now, giving this spike the following day could be trending higher as well.
I am looking for longs and trying to find channel structures that are fitting to the bias.
Good trades to you!
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