On this lower timeframe, I ll keenly observe the price action in the downward sloping channel. I ll look for selling opportunities into the resistance with in the channel; and buying opportunities outside the channel.
I may not be able to update in the live market but I thought its worth sharing this idea with my fellow traders.
Price took support from the channel near 1100 level. I am looking for 1150-1180 move. Stop for this trade is below 1097 which could be point to go short as well.