waiting for 1784

Hello
I hope you have used and benefited from the previous analysis.

The price is moving again towards the resistance of 1796 and we expect it to be rejected after meeting this level and directed towards the support of 1784.

Comment:

In the 5m time frame, we have a beautiful descending parallel channel. As long as the price is in this channel, it will be a gentle downward trend. If it breaks from the bottom, the downward trend will accelerate. But if it is broken from above, the price will quickly move towards 1798 and we should close our sell positions and wait for a better opportunity to sell.
Everything is fine now. :)

Trade closed: target reached:

TP hit! +130 pips!
Enjoy guys