Prepare to short this market!

I am not to sure about this channel, but still we can see a nice repetitive pattern, as the price bounces between top and bottom.

BUT as we are in an uptrend (daily chart) I will watch this one for now, or wait for a strong bearish candle before I enter it. For now, this is only educational for me.

We could see a breakout on the same time, since the price has quite a bit of a sideway move for a couple days now.

Only trade this one if your opinion is strong about it! And if so, let me know why =)

Good trades for this week!

Comment:

Well... No big moves today. Looks like the price is just moving sideways...

Comment:

no good signals for now. Keep waiting...

Comment:

strong signals coming in. After the next candle I will make my decision. If its a good short signal, I am in (If the volume is there!).

Comment:

So we had a little swing downwards, but it looks like the bulls want to break that resistance. Keep an eye on this one, as I think it is about to breakout! My entry trigger is a daily candle, closing above the resistance.

Comment:

I am still waiting for the breakout.