On the daily we can see that we just put in a very strong week. The long term bull-trend channel was broken to the downside. A Libra Pattern has formed. My open short position from my previous Kiwi post is doing very well. Next week I will be looking to add more to my short position on some sort of pull back. Wait for price action to give you a signal on the lower time frames.
This can be a very powerful breakout to the downside as we have a lot of room to go and some serious dollar momentum.
Last time this happened we saw a major trend switch for over 2,000 pips.
Keep an eye on this one folks.
Now... those opportunities you mentioned to get in short - I'm watching closely :)
(Oh and thanks for sharing)
This looks good @VitruvianTrader , thanks for sharing - I'll watch with interest next week. Right now I'll go and investigate a "Libra pattern" :)
Ha, I thought it might have been the ol' head and shoulders, after all, you had them highlighted to make it easy for me.
I've used that many times myself in Op trading. Breaking that neckline pays off big time.
I'll go through your posts and learn a lot, I'm sure, thanks again for sharing the knowledge mate.