Evening folks. I noticed this ascending channel on the UK100GBP which seems to have broke the support line. Could this be a false break out or is UK100 heading towards a bear market. If we get a few closes below the current channels support then we could see price fall. As for my strategy i'll be waiting for the cloud to turn red, a conversion line and base line crossover and price to move under the cloud. This could still take a few weeks but its worth keeping an eye on this one.
Let me know your thoughts or analysis.
cheers.
Let me know your thoughts or analysis.
cheers.