EURUSD Quick update on the Sell Signal

My outlook on EURUSD hasn't changed, still selling with Target: 1.08000 as posted on this idea a month ago, which is so far working remarkably well:


I just thought it would be useful to make a quick update on the 4H chart on a possible scenario towards 1.08000.

Based on the last bearish leg following the 1.1410 Lower High in June, we are close to a temporary 4H bottom. A Death Cross marked the next Lower High last time and it may do the same this time around. A Channel Down should follow again all the way to a new Lower Low inside the 1M bearish trend.

Be advised that it is better to stay short if you took my October 18th sell call and not look to constantly trade within the channel unless you keep 1 good short position open and scalp the channel for smaller side profit.