So Far the price fits its action within the boundaries of an Up Trend Channel, therefore I would expect a corrective movement around the lower limit and in a lower time frame look for long set ups ... lets see how the price action evolves ... trade with care
Comment:
So far the price has gone to test the LSH, therefore the market fits its action in the middle of the Trend Channel, therefore I prefer to wait until it reaches some extreme because there is the place where the traders get fearfull and significant movements with good Risk:Reward ratios take place
Comment:
after breaking the LSH. it is likely that the price is going to look for the upper limit of the trend channel