Price is in down trend and its moving inside descending chanel. We can see impulses and corrections inside the chanel. Its possible that price will make another impulse to the down side or break up and continue all the way up to daily trend line.
Commentaire:
15 minute chart analysis update. We can see on lower time frame how price was moving inside channel. Overall trend in channel was up until price found resistance level and failed to make another high. Also pin bar candle indicate possible shift in trend. R/R ratio is 1:4 so it is reasonable trade set up.
Commentaire:
Price formed rising wedge formation. Possible break down. If price breaks yellow resistnace line it will continue in up trend.
Commentaire:
Update. Price is still in correction mode. Good long opportunity inside channel.