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
Kommentar
⋅
We have a breakout and flag which is probably worth a short entry given the potential to go to the channel bottom.
Kommentar
⋅
Sorry that screen shot was a bit rubbish. Here is a close up showing the flag
Kommentar
⋅
Look good for a short entry on break of this flag
Kommentar
⋅
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.