🔥 BEL In A Channel: Bullish Outlook

BEL has been trading inside this beautiful channel for almost two months now. At the moment, the price is gravitating around the lower support of said channel, potentially loading up for another bullish reversal move. This trade is based around the idea that the current channel will hold.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!