The pair has bounced off the upper side of the larger degree channel it is currently in giving us an opportunity to go short after a good confirmation.
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Kommentare
norzensen
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hello.thanks for the idea. i have one question: what makes you draw these upper channel line right across all rates? not behinning at the highest high rate and crossing through the next lower highs green cancle and red candle.
using the real highs give a result that the channel border was not hit yet...
it's for visual purpose and doesn't matter, price don't have to exactly cross above or below a line we draw, what matters is that it broke down out of the previous corrective structure and that should give us new directions
using the real highs give a result that the channel border was not hit yet...