clear uptrend on higher timeframe, I'm looking for a correction before looking to continue buying.
On the 1D and 4H tfm, there is am ascending channel, which indicate continuation to the downside, so it we obtained a brake look for long term sell. But closing Friday with sting wick rejection on the daily timeframe and the bottom of the channel which could possible look for an up side move base on the strength of the dollar index next week.
. It respected the Monthly Support and the mighty 200 EMA.
How do you view this Chart patterns, base on your understanding?