The $EPIC
4H timeframe displays a well-defined ascending channel from the July low at 0.3010. Price has reclaimed the mid-channel and is pressing against the upper boundary near 0.97–1.00 after a strong impulsive move (close 0.9298, +6.98%). Moving averages are stacked bullishly (MA7 0.8093 > MA25 0.7605 > MA99 0.6159). A decisive 4H close above 1.00 with expanding volume would confirm the channel breakout, targeting measured-move extensions. Failure to break could see a retest of the channel midline near 0.80. Overall structure favors continuation as long as 0.80 holds. Setup (Long Breakout):
Entry: 1.0050 (break & close)
TP1: 1.0800
TP2: 1.1500
TP3: 1.2500
SL: 0.9450 #EPIC #ChartPatterns
4H timeframe displays a well-defined ascending channel from the July low at 0.3010. Price has reclaimed the mid-channel and is pressing against the upper boundary near 0.97–1.00 after a strong impulsive move (close 0.9298, +6.98%). Moving averages are stacked bullishly (MA7 0.8093 > MA25 0.7605 > MA99 0.6159). A decisive 4H close above 1.00 with expanding volume would confirm the channel breakout, targeting measured-move extensions. Failure to break could see a retest of the channel midline near 0.80. Overall structure favors continuation as long as 0.80 holds. Setup (Long Breakout):
Entry: 1.0050 (break & close)
TP1: 1.0800
TP2: 1.1500
TP3: 1.2500
SL: 0.9450 #EPIC #ChartPatterns