Noticed a lot off this chart, and I think we are part of the bigger picture (I think we are in a cyclic move and we could see a significant downside correction soon.
I have noted many technical instances that support my fundamental outlook, naturally.
Notice a Gartley pattern setting up at the moment, a short to the PRZ of that Gartley which is perfectly aligned with the 200MA is a great safe, and practical target. And we should be taking profits, near, or at this area. Saying this, I think shorting will eventually continue past this pattern, and I think this pair will soon become a enforced downtrend. Which is where I'm hoping to have my capital when the time comes.
For now, this is a small move, but for the future this will become something entirely different, and I will be looking to short for the long term into what I feel is a longer term down trend correction.
Best of luck Tom
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