DislikedHi madpommie
I agree....that downward sloping resistance is what we were looking to(did) go short off...
what I was trying to say is that that 1.4380 (downward sloping) resistance line is the more significant one that was broken and hence, it is this one that we are waiting to be re-tested if the long trend is to be confirmed. Looking for a retest of the upward sloping resistance line, that was also broken at 1.45 may be valid, but is not what jacko is looking for.
If the long trend is confirmed, then we will look to find the strongest upward...Ignored
The upward move definitely seems to be showing weakness now.
Do you play the other side of the trades? Will you short it down to the long entry?
Each loss is one step closer to a winner!!!
Cheers, Dave