Finally it has broken out - keep an eye on this one

Guys this pair have been in a large degree corrective structure for 14 months. Recently we had a break out which seems to have held.
This could go a long way down over the next few months or even into next year. The trick is to trade it successfully because as you should know by now these things do not travel in straight lines. If you can see a set short trade set up and manage to get it into decent profit it may well be worth hanging on to it through thick and thin. Alternately you can jump in and out as it goes. That will require more skill. Of course you could do both. Have you ever reviewed a chart you drew or followed over a 6 month period and though if only I had got in on that one. This may be you chance. Naturally there are no guarantees as we are dealing with probabilities but I for one will be giving this one a punt once I see a short trade set up. Remember to always protect your capital by moving stops as appropriate.

I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

Comment:

Comment:

There was a nice trade earlier but I'm not sure there was much of a set up for it. If you caught it I would consider taking profit as his looks like a sideways correction (Flat).

Comment:

A beautiful trade down as expected - look out for a correction soon