Here's a potential situation-- a breakout that could be extremely profitable. That bottom trend line, (with a slight angle adjustment), could be seen as a very long standing support area, going back potentially, since the start of the year. Whether this is to be, a significant correction down or not, there exists a very likely possibility that it might be.
If it is, you know the old adage: the longer price stays in one trend channel, the stronger the breakout will be, when it occurs.
http://i136.photobucket.com/albums/q.../063GBPJPY.jpg
If it is, you know the old adage: the longer price stays in one trend channel, the stronger the breakout will be, when it occurs.
http://i136.photobucket.com/albums/q.../063GBPJPY.jpg
