Looking at the chart above, you will notice that price tried to breakout the downward descending channel but after three successive failed trial, I believe it is targeting the lower channel. I cannot rule out a possible break out of the descending channel which will invalidate the trade.
Looking at the chart above, you will notice that price tried to breakout the downward descending channel but after three successive failed trial, I believe it is targeting the lower channel. I cannot rule out a possible break out of the descending channel which will invalidate the trade.