This is forming a descending wedge within a much bigger channel. Watch for the break, if it closes above the upper trend line I see it going long to about 0.888 / 0.89.
If it doesn't break the upper trend line then I see it going back down to 0.853. However my money is on a long on the break.
I have a Buy Stop at 0.86200
If it doesn't break the upper trend line then I see it going back down to 0.853. However my money is on a long on the break.
I have a Buy Stop at 0.86200
Comment:
No Break Happened so I am selling. I will keep my buy stop as I think a break will happen after this push down
Comment:
Buy stop has been activated