Over the week we have had more targets hit as price was capped by the Daily Channels Mid Range and 1.5000 Resistance. However we managed to create a new high and are now coming down to make a Higher Low.
outlook for the rest of the week although the past Weekly candle is showing otherwise and giving some indecision to setups.
I'm looking for a bounce of 50%, in line with the latest ascending .
If this was to break we would be looking for a reversal at the bottom of the channel before taking any long positions.