The price fits its action within the boundaries of an uptrend channel, for now the price seems to be in a corrective movement in time, so for the next week I will be expecting to look for long entries in pullbacks around the extreme of the consolidated trend line, the entries could be triggered in lower time frames and take this 60m bar chart as the anchor chart
Expecting the consolidation of an uptrend channel
Expecting the continuation of the downtrend channel
Expecting the consolidation of a downtrend channel, if so the eventual short entry would be frame around the extreme giving a good trade location based on the risk and the potential profit
Description in chart ... see the attached idea
Every time the price made an accommodation on its trend, the price gave a good opportunity to enter long ... look the importance to enter around the extreme of the consolidated movement ... so based on this fact in this chart one could expect to look for long entries in lower time frames when the price approaches again to the consolidated trend line
Context: - Down trend Channel - Look to participate in the down trend So I would prefer to wait for an approach to the extreme of the upper limit and a change in behavior, the entry could be trigger in a lower time frame such as the 4h chart