There's no opportunity to go long.
Don't expect a breakout to the upside. The major trend is down.
Could return to the trendline.
There is a pullback, which might give way to higher prices. Let's see.
This could possibly go up to 7.5. I'll most likely take profit somewhere around 7.2 though, let's see
Price is below the 200 EMA. But, this might still be a valid swing.
Short on the basis that the channel has broken to the downside.
As in the title.
Stop loss at the red line.
Wait for the formation of a double top on the daily before going short :D
Could go long as a short-term swing-trade. The long current daily sentiment is bearish though, so prepare to sell soon.