We are trading within a downward channel. After the recent corrective rise we had reached its ceiling but could not break the channel. As the trend remains bearish I suppose that we shall follow the channel now again as we did since mid August.
Trade closed: target reached:
Seems to become a bottom here. I am taking the profit.
Trade active:
I've been gone short again as we are facing a short term resistance now that may be a chance that the downtrend may resume.
Trade closed: target reached:
Quick profit taken. Looking for another entry to repeat.
Trade active:
I am opening the short position again after the high opening today.
Trade closed: target reached
I'd been riding this downward wave since mid June already. After a little loss in the sideward range in June I had re-opened the short on 9th September and with an interim profit taking have been folding it until this day.
To all who have been following this deal: Congratulation!