📉 Ascending Channel Breakdown – Trade Idea
Price was moving inside an ascending channel, forming higher highs and higher lows.
After multiple rejections near the top, momentum weakened and price created a lower high.
A strong breakdown below the channel support confirmed the bearish shift.
Previous support turned into resistance, offering a good short opportunity.
Trade Logic
Structure break
Trendline retest
Strong bearish continuation
Favorable 1:3 Risk–Reward
📌 Always wait for confirmation and manage risk properly.