Still short if channels hold
Every price jump within the two channels above is good for holding longer selling positions. The swap on selling this pair is positive now as well, making it profitable to just hold sell positions.
Note
Inner channel broken, but keeping short positions up due to positive swap. The structure still looks impulsive downwards to me and we do not have any particular volume in the breakout.
Watch proposed wave 4 to gauge the momentum of the structure, and if it still holds validity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.