Currently in an upward channel.. Long term trend is down. Possible trade scenarios are stated with the arrows. Lets see how price action plays out on the final session of the week. I dont expect one of these scenarios to be completed today as volume could wear thin throughout the afternoon but could provide insight towards price action for next week.
Note
Short entry trade came into play after rejection at TL/resistance. TP @ Support/lower TL.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.