I am long right now since Friday, but looking to get out on failure of 4 hr candle to close above 10 ema or price getting rejected in the $1625-30 zone. The way the monthly candle formed, its likely that i would see a range bound price action with possible healthy pullback. A new high is unlikely without a rate cut from FED. As a result, i have mapped a descending channel to see if it follows lower high lower low formation, then we can scalp nicely using that as a basis
