Text book bear flag in the making...?!? (possible 5000+pips)
One to keep your eye on after bouncing nicely within the ascending channel .
This channel has been forming for the last 3 years and when/if it drops it has massive down side potential( up to 5000pips).
This is not a trade that will play out overnight so if you are prepared to play the long game(or should that be short...) then all good things come to those who wait. Just to give you an idea of how long the last leg down took to play out-it was 14 months and a massive 6675 pips!
Wait for a break and close below the channel for confirmation on a macro timeframe.
This trade is not yet active but as i say one to keep an eye on...
This channel has been forming for the last 3 years and when/if it drops it has massive down side potential( up to 5000pips).
This is not a trade that will play out overnight so if you are prepared to play the long game(or should that be short...) then all good things come to those who wait. Just to give you an idea of how long the last leg down took to play out-it was 14 months and a massive 6675 pips!
Wait for a break and close below the channel for confirmation on a macro timeframe.
This trade is not yet active but as i say one to keep an eye on...