After about 6 weeks of bullish price action, price is now at weekly resistance. Watching for a break of support & channel for shorts potential swing trade..
Hi Easywaout. Are we looking for shorts from the current price to bottom of the channel?
Profound_Ambition
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@Tunga1983, if your an aggressive trader you can enter at market price, but I would recommend a break of the channel first so price could give us a better idea of what to expect for the dollar
Tunga1983
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@eazywayout, thank you, yes i was judging with the rejection on the last candle from last week and the respecting of the trend channel.
Profound_Ambition
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@Tunga1983, as long as the next candle close is below the previous candle you may have a good chance to go short