We are at the upper trend line on a downtrend chanel. Currently we have a bearish divergence on the 4H chart . If price continues following the chanel there is a good risk/ reward trade. If price breaks the chanel and the the upper trendline starts acting as support, I would start looking for buying opportunity. For now my bias towards this trade is short.
Trade active
Comment:
Stop is now at break even. Trade is going good so far.
Comment:
SL now at 82
Comment:
SL moved just above 80.0 level