Afternoon Traders, apologise I am a little later then usual but I only like to share once i have something of value to share.
Anyway As you can see from current price action we are stuck in an overall channel, naturally I would be look for a break of the low to then change the trend and enter on a short however, I dont think we are ready for that, just yet.
we are slowly moving into the 1.1490 area, as you may recall, last time we were there, we were just at the start of the illness that shan't be named, it will be interesting to see how the markets respond to this level especially considering how correctively we are moving into that area.
I will be watching very carefully and of course I will continue to share my thoughts as we develop.
Anyway As you can see from current price action we are stuck in an overall channel, naturally I would be look for a break of the low to then change the trend and enter on a short however, I dont think we are ready for that, just yet.
we are slowly moving into the 1.1490 area, as you may recall, last time we were there, we were just at the start of the illness that shan't be named, it will be interesting to see how the markets respond to this level especially considering how correctively we are moving into that area.
I will be watching very carefully and of course I will continue to share my thoughts as we develop.
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Please excuse the drawings, not my best work but I promise I will improve, hopefully!