Comments on the chart. The risk to test this idea is small. A break down out of the channel invalidated the setup. Today is a big fundamental day for the $. At 6pm tonight (it is 8am now) it is possible that the first rate rise will be announced in the USA. So either sit on your hands or play it small. We are traders and must trade to trade another day
Kommentera:
Price rose on this Fed induced volatile day as expected. I am still bullish and looking for price to get to the top border
Kommentera:
Price fell back below my buy line - a non-hilarious development. Price is close to the bottom. A break of this bottom will get me re-thinking this idea
Kommentera:
Price is moving up as expected. However the AUD is under-performing the GBP, EUR and NZD