🔸 DAILY CHART EXPLANATION: . 🔸 Price is on a Descending Channel, and we can observe a Lower Timeframe Channel also. . 🔸 It is now facing the lower trendline of the Short Term Channel. . 🔸 If it is broken, then there is potential for a downside move towards the Major Descending Channel, and, if price bounces, then we could see a bullish move towards the upper trendline of the Short Term Channel. . 🔸 Will look for a lower timeframe setup when the scenario is clear.