Salaam
Descending channel in daily and the price now almost in the top of it so has a large potential to return down.
The trigger to sell may be waiting for the price could break the FIBO 78 in the H1 timeframe to down or not.
the first resistance is the channel and the second one is the old resistance at top of the channel that could be considered as SL.
Be mindful of your risks per trade!!
good luck!
Descending channel in daily and the price now almost in the top of it so has a large potential to return down.
The trigger to sell may be waiting for the price could break the FIBO 78 in the H1 timeframe to down or not.
the first resistance is the channel and the second one is the old resistance at top of the channel that could be considered as SL.
Be mindful of your risks per trade!!
good luck!
Note
Far screen of the channel!
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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.