corr. down channel with upward breakout risk

SL below the box

Trade active

Trade closed manually:

Open 1.12169 - Closed 1.12452

Comment:

Downward risk signal spotted. So trade closed.
Looking to re-enter long if I get a new entry signal. This in case the price break a resistance zone upward.

Or next week(s)
Waiting to see an opportunity to go short (with a confirmation of breaking a resistance and re-test). Maybe also a new buy opportunity lower because the actual upward trend is not broken.

Comment:

New buy opportunity if price breaks above 1.12715

Comment:

This is how I see it at this moment.

LONG = Possible re-test of resistance 1.12715 level before going down (short opp.), if short look for 1.10990.

SHORT = Possible break above resistance 1.12715 level before trend continuation (looking if price will break above the downward channel.

Comment:

Note: in my opinion the grey box is a decision zone / struggle zone.