Looks like this pair has broken out of the weekly down trend. If so then expect large moves upward,
At the moment it is correcting after the breakout - looks like a 5 wave correction. The big move is long but there seems to be a nice short set up for Monday
This is for learning and discussion only and not investment advice
Comments and likes are welcome Good luck Steve
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Komen
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Komen
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If it consolidates here it could be a change to add to your position
Komen
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This could have one more down before going long
Komen
riffster21
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Nice catch. Sorry forgot to like it when you posted. I'm in this one too.
SteveNixon
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@riffster21, Yeah it has been a nice trade but I hope the long trade will be even better lol
riffster21
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@SteveNixon, yeah, I'm watching closely now. We may get an early bounce. :D