So as we can see theres a descending channel that has formed , there's 2 things that needs to happen before the trade is completely valid. The descending channel has to break towards the upside , and then the market will need to break the resistance zone @ 160.81 confidently. And then we will place a buy limit at that resistance zone looking for tp @161.40 .
The market is in a clear downtrend , then this ascending channel formed , so we wait until the channel breaks out to the downside , clears the support zone of 2017 convicingly , we wait put in a sell limit at 2017 .
