Price is bouncing between a downward parallel channel forming lower highs and lower lows. The most recent bounce of resistance formed a shooting star candle followed by some bearish candles. On the 1 hour chart, there are at least 4 bearish engulfing candles which confirms the downward move. Stochastic indicator is also in a steep downfall on the 4 hour chart.
Trade closed: stop reached:
Trade s reached SL but I believe the reason for this was because of the news. Bearish movement seems to be continuing afterwards so I will monitor this to see the overall outcome.