As we can see on the monthly timeframe
we are currently down trending and price is respecting our channel acting as support and resistance
. This is a long term trade that we currently have a sell position open from 0.78913 (Pink horizontal line), which we will be holding as we feel price could continue to push lower down to our support area
. Our target area is approximately 900 pips away we have already gained 108 pips so this could possibly be 1000 trade. Again this is what trading is all about patience.