Prices might break this channel on the upside because of high chance of interest rate hike at next FOMC meeting, meaning stronger US dollar
JoE
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What if it just breaks up
Swerver
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@JoE, RSI is suggesting its wont and this setup is riding on RSI topping right at channel top. but obviously anything could happen in a situation like that. You could buy on a the breakout pullback at top of TL channel.
But the question you are asking, it would probably invalidate the shown setup and a new strategy for the break out would be in place.
JoE
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@Swerver, humble and professional reply, followed.
Swerver
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@JoE, Thanks for the kind words, we are all here to be helpful in some capacity :)