Price is approaching the channel bottom. There is a high probability that it will bounce back into the channel Wait for the correct set up and there may be a great trade to the top
All weekly forecasts will be updated as they develop so 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
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Buy set up but very close to the channel top. It may be worth a punt as price could breakout and present a fantastic long opportunity
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A few weeks ago I call this pair long - so far so good but as we know price rarely completes a move without a correction. We should expect a correction soon, probably next week - I'll post a new chart on the 1H timescale to show my ideas on this