Reversed at turncoat area, we have a broken trend line, either way for a retest of the trend line or buy with a large SL around the turncoat area.
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this trade is still not active.
Trade active
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shorting with a tight SL few pips above the last high
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if you activated your trade when I did, you should be profit by now. as long as we dont break the upper line and the line on the right, we are bearish.
Trade closed: stop reached
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waiting for a breakout
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this picture should make this more clear, we broke out of the first channel and now we have a new channel, we need to break that to the down side to confirm down trend.