Since the 2015 high, this pair has traded to the top of this diagonal channel over a dozen times and when it does there is major selling pressure and price consolidates for several days then, at the end of the week it dumps all the way down!!! Take a look for yourself. It's not always at the end of the month but definitely at the end of the weekly candle every time this pair is at the place it is now there has been a major short opportunity. It continues making lower highs and lower lower lows At the top of the range. It is more than likely going down.
When the 1W closes green there may be a small pop up in price but and then Bears takeover.
When the 1W closes red, price more times than not retraces fully to hunt stops and then It shorts to make a lower low.
This is still my rookie year. My card will be worth something someday; buy it while it's cheap
~King
"It was nece$ary for my ucce$$." --My reply when asked about all my trials, heartaches, failures,
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