fiab
Looking at a potential long on this. Possible entry after the breakout but stop will be double
May get another test of the high, but expecting price to break down towards 1.15500 area
Tracking this for a down move to begin as we may have made the weekly high
expect this to go back to top of channel and possibly to 0.70500
To me this 5 sequence of swings seems very repetitive and I expect this to turn downwards and break the min target. So I will only be looking for short opps
close above yellow line is safer but more reward on entry before a breakout
price is being rejected above 0.90 area and has lots of potential to go further down
after the long setup I've been waiting to see how this develops and it looks like price is failing to break out of the underlying down trend and expect this to drop further to take out the 1.05 low and drop back to 1.03/2 area.