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Trader522
Jan 6, 2017 4:27 PM

Still short if channels hold Short

Euro Fx/U.S. DollarFXCM

Description

Every price jump within the two channels above is good for holding longer selling positions. The swap on selling this pair is positive now as well, making it profitable to just hold sell positions.

Comment



Inner channel broken, but keeping short positions up due to positive swap. The structure still looks impulsive downwards to me and we do not have any particular volume in the breakout.

Watch proposed wave 4 to gauge the momentum of the structure, and if it still holds validity.
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