EURUSD | Descending Channel

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We get a new variation of the Descending Channel as we draw it be the newer high. So we should better work inside this formation.

Currently price was rejected of the Higher Boundary of the Channel and we possibly form Three Black Crows. In case the Mid line is lost we can initiate a short position.

If there is an upward retracemnt we can go and retest the Ichi Clour or Higher Boundary of the Descending Channel. So if we get a rejection from one of mentioned poing we can initiate a short position

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.