This pair have been tracking sideways in this channel for more than a year. It currently looks short and may come all the way down to the channel bottom It may still have some more upside to it before breaking down.
As always wait for the breakout and entry set up before doing anything. If price does not do what you expect then stay out. You can only lose money if you open a trade.
All forecasts will be updated as they develop - remember to follow to receive them.
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes. Your Ideas, comments and questions welcome
Good luck Steve
ความคิดเห็น
⋅
We have a breakout and flag which is probably worth a short entry given the potential to go to the channel bottom.
ความคิดเห็น
⋅
Sorry that screen shot was a bit rubbish. Here is a close up showing the flag
ความคิดเห็น
⋅
Look good for a short entry on break of this flag
ความคิดเห็น
⋅
Still waiting for this to move down - it is making a correction of the larger move down so we need to wait for it to complete.