Technical picture As price stays in channel currently, it would be good idea to go long in area 1.1985-1.1942 as that is local support area that was tested recently two times, also that is PWL and 38% fibo level of the last big swing. And alternatively on the M chart is clearly seen that price rebounded from resistance area and heading down, so I'll put in sell stop just below s/l of the limit buy order.