NZDUSD, Monthly. 2010 August 29
Monthly Candles are forming lower highs and lower lows and seems to go slightly downwards.
Trading the monthly downward channel could be an option when you take the risk over with the actual daily regular positive divergence, see #403. So breakout at the top green and blue lines could be very strong if it would happened. So trading the main trend down and the little ups with M15/30, ...that might for me a favorite trading design for the next days (may be weeks) with NZDUSD.
Monthly Candles are forming lower highs and lower lows and seems to go slightly downwards.
Trading the monthly downward channel could be an option when you take the risk over with the actual daily regular positive divergence, see #403. So breakout at the top green and blue lines could be very strong if it would happened. So trading the main trend down and the little ups with M15/30, ...that might for me a favorite trading design for the next days (may be weeks) with NZDUSD.