interesting pa here, we actually got close to yesterdays low for once. this makes me think that a break down is very possible before the end of the week. in any case, heres the current channel as it stands. note the horizontal supports and resistances (lowest one is at 1.2815 at the moment which coincides with the lower wall of this most recent downtrend). As always, a bounce off the upper wall is a sell opportunity, a bounce off the lower wall is a buy opportunity, horizontal support/resistance used to confirm entries even more. the safe move for this past 2 weeks in my opinion has always been to sell any chance you get. i had a short entry off 1.2915 once it got broken and retested just now but doubt started to enter the mind as we got closer to the low so i closed position prematurely at 20pips profit..ah well cant do what we always want. but yea...this channel is worth watching for sure...it may lead to big move south i have been waiting for...1.2815 will be interesting for sure if reached. for now looking for any retaps of the upper wall to sell...good pippin all
Different opinions highly valued, ignorant to slander.