TRIPLE TOP, SWING TRADE OF THE YEAR -80pips +930pips
A very bold statement i know but im pretty excited about this one!
So looking on the daily we are clearly in a downtrend, price has formed a triple top at a major daily resistance level rejecting the level for a third time, each time its rejected that level price has dropped about 200pips.
So where am i getting 930pips from? From the top of the channel to the bottom, maybe you think its abit unrealstic but this trade could play out over 2months or so.
Either way im expecting this pair to drop heavy anytime soon.
My bias will only change if we get a clear break above the major daily resistace level.
Take a look for yourself on the daily, comment what you think is next for this pair,
Consider following,
Good luck, stay blue,
AshFX
So looking on the daily we are clearly in a downtrend, price has formed a triple top at a major daily resistance level rejecting the level for a third time, each time its rejected that level price has dropped about 200pips.
So where am i getting 930pips from? From the top of the channel to the bottom, maybe you think its abit unrealstic but this trade could play out over 2months or so.
Either way im expecting this pair to drop heavy anytime soon.
My bias will only change if we get a clear break above the major daily resistace level.
Take a look for yourself on the daily, comment what you think is next for this pair,
Consider following,
Good luck, stay blue,
AshFX