Looks primed to break out from the channel in a bearish manner. Will open a bearish position on confirmation. Looking for a strong impulsive move down. .9000 looks good for a target 1. We'll see where it goes from there
Thank you for the chart.But still on long position. Trend is your friend. But agree, once break the channel could trigger a powerfull move.
Sensei
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congrats for being in on this long. closed a long position i had on this at the upper boundary of the channel and never re-entered on the bounce off the lower boundary. If we get a breakdown i'll be ready
STBinary
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My only friend is my hand ;)
STBinary
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Nice one for getting chart of the day! :) I still am waiting for that accolade for me!
Do you think that now the rate is higher the breakout is more imminent? Or has your analysis indicated otherwise?
Sensei
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Trend is your friend as the fellow below this comment so well stated. Difficult to time exactly when the breakout will occur, if it ever even does. Only then will i take a short position with that confirmation. Still waiting on this one.
STBinary
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Nice appreciate the response and of course got fingers and toes crossed for you :)
walker.england
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Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of an ongoing ascending channel.