As you can see, after breaking the downward trend line, the price entered to a range channel and reacted to the ceiling and floor of this channel several times.
Now the price has reached the top and this channel, which is an important price action area, and according to the oscillator, we can receive a signal to enter the short position we can place an order on 5.4331 and consider the loss limit above the resistance range, and the price range of 5.2630 can be our target.
If this does not happen and the price breaks the resistance range, we can expect the price to grow up to the 5.6100 range.
Now the price has reached the top and this channel, which is an important price action area, and according to the oscillator, we can receive a signal to enter the short position we can place an order on 5.4331 and consider the loss limit above the resistance range, and the price range of 5.2630 can be our target.
If this does not happen and the price breaks the resistance range, we can expect the price to grow up to the 5.6100 range.