Dislikedsorry i wont next time, its just i posted one before so i had to requote for itIgnored
And on that note, this is why I love forex and LOVE trading this pair, it is so damn precise .
I have done some channel studies and found something VERY interesting for the bears.
The channels are marked in yellow, blue and white thick lines.
The thinner red line is just showing price movement.
We started this year with a nice daily reversal at 5233 area. Following the price, it seems to me we are heading further down after the white channel break and are riding comfortably within the blue channel.
On the 4hr chart, we can clearly see the white channel break and retest.
Let's see what next week brings.
Comments welcome.
Come with me if you want to live....