Hi Jay,

I am not seeing the channel there could you post a chart of that so I can take a look at what you are talking about? To me the triangle is the thing that jumps out the most to me on the chart if it breaks out of that to the bottom and there are other things such as a candlestick pattern or one of the indicators that you follow in these types of situations which are lining up then I think the argument could be made for a short there. One thing to keep in mind though is that I think most would agree that there is heavy support at 100.

As always my stuff is for educational purposes only and never trade recommendations.

Best Regards,
Dave

maybe it is not condensed enough for a good channel but it does seem that this trend could continue. The triangle is the best way to go, I agree.

Thanks!

Attached Thumbnails

 

Hi Dave,

do we have a Bull Pennant break on the EUR / USD (daily chart) ? Just wanted to make sure if I was drawing it correctly.

Best regards,
Jay

Hey Jay,

Not seeing that one. Let me know where you are drawing it or throw an image of the chart up with it and I will have another look.

Best,
Dave

I guess it is more of a triangle, but check it out, let me know.

Thank you,
Jay

Attached Thumbnails