In Daily chart we can see short continuation after pullback , where as in short term 4hr chart there is a small descending channel pattern , we can trade it as per next candle close ,
If candle closes above horizontal resistance then we may see long continuation towards channel top ,
Rejection at current levels and close below ascending channel line will open doors to further downside.
Overall best strategy would be to sell on break below ascending trendline towards next support..
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If candle closes above horizontal resistance then we may see long continuation towards channel top ,
Rejection at current levels and close below ascending channel line will open doors to further downside.
Overall best strategy would be to sell on break below ascending trendline towards next support..
follow us for more ideas.