Wow! I see TWO scenarios, both obviously very, very, Very Profitable! I believe this currency pair is bearish
but the channel I see is bullish
. SO! With that being said we have to play this pair smart! I would like to short this to around 117.601 If it brakes the channel I believe i'l'l just rally down towards 107.861ish. BUT! if It does not break the channel and reverses then Long this pair!Riding the bulls! So my game plan is to play it safe and set a TP @ around 118.620 in case the Bulls take over and ride it through the resistance,& long the pair as it respects the channel, BUT if the bears take it all the way down to support then its just a plain safe profit! Let me know what you think!