Student’s Question: Clear downtrend with downwards sloping support and resistance trend lines.
Power Course Instructor’s Response: Yes. This is a fine example of a descending trading channel. Since the pair in a downtrend on this Daily chart, we would only be looking for opportunities to sell the pair. Each time price action move up to trend line resistance, a trader could sell the pair into the downtrend...see the chart below for a visual. Nice work...