price back into channel, and above neckline 0.68, seems fake break out
arif_awan
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It can't be fake breakout...there are other technical indicators are also pointing bearish not just channel breakout or break in !!!
kandazz
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wat u mean sould we go long now?? or wait it go arround 0.65??
arif_awan
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now go short till it reaches lower trendline then go long.
arif_awan
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two trades short and long,,, go short now then long at 0.65
kandazz
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the right moment i put short it gone up hate that :(
arif_awan
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dont worry,,,,price dont turn down where you open the trade,,,be faithful ,,, leave it open for couple days if you have enough equity in your account. you will be profitable.
arif_awan
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if you are panic you will regret when you will see price go down...my analysis is not just based on trendlines or patterns many other technical indicators are pointing this pair down as well,,,so be patient.