1. In line with trend line arrow
2. Check the weekly chart - looks like a clear road ahead to the down side
3. No solid support for approx 400 pips away (keep in mind it prob won't drop down in the next 2 days how ever
could very well make it's way over the next week or two).
4. Two inside bars (coiling getting ready to spring into action) the chart tells me to the downside, time will tell.
5. I like this potential because should it break down there is really very little in the trades way and the first trouble
area is that black dotted line.
2. Check the weekly chart - looks like a clear road ahead to the down side
3. No solid support for approx 400 pips away (keep in mind it prob won't drop down in the next 2 days how ever
could very well make it's way over the next week or two).
4. Two inside bars (coiling getting ready to spring into action) the chart tells me to the downside, time will tell.
5. I like this potential because should it break down there is really very little in the trades way and the first trouble
area is that black dotted line.