On the daily timeframe (snapchot attached above) the price action has respected very well the channel path and now it's on the edge of going bullish. We confirm this idea by checking on the 1H timeframe that the price action has now rejected a support more than one time and it's on the way of forming head and shoulder which adds confluence. Enter this trade once the price break the neckline and retest on the channel.
Goodluck. This is my bias on the market. Trading is risky, trade safely!