As we can see on the monthly timeframe we are currently down trending and price is respecting our channel acting as support and resistance. This is a long term trade that we currently have a sell position open from 0.78913 (Pink horizontal line), which we will be holding as we feel price could continue to push lower down to our support area. Our target area is approximately 900 pips away we have already gained 108 pips so this could possibly be 1000 trade. Again this is what trading is all about patience.
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