Plenty of room for a short position

We are in a downtrend within a larger uptrend channel, there is still plenty of room to go down a little. We need to wait for price action around the bearish upper trend line.

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Entered way too soon before the price set a direction, it is still forming and going sideways. My entry was early and hit SL. Still expecting to go down, there is at the moment no indication of breaking the channel. Waiting now, patiently!