Price has remained in a short term bearish channel, where we saw price testing support. Price is now approaching key resistance.
Scenario One (Bullish Breakout): Price breaks key resistance of the bearish channel.
Scenario Two (Bearish Rebound): Price rejects bullish breakout, price falls to the respective support levels.
Scenario One (Bullish Breakout): Price breaks key resistance of the bearish channel.
Scenario Two (Bearish Rebound): Price rejects bullish breakout, price falls to the respective support levels.