My idea is that it is respecting the channel I feel to go long on this pair. Let me know what you Think!
Just saw your comment sorry for the late reply, but you defiantly called that one! I never got into the trade fortunately since it broke my channel close one! But I have reviewed this pair more closely I still feel its going to drop a lot more so i'll be taking a short position if it touches the red resistant line I have drawn there on my chart. Let me know what you think! Thanks for the comment btw.