Short off weekly trend line

22 Des 2015

The green lines represents the weekly down channel that the pair has remained in since June/July of 2014. With the daily looking finally like a change in direction, with lower highs in place but yet to by pass a higher higher, its looking like its decision time. The blue channel is the channel which we have currently been in since the end of Nov 2015. We have been rejected multiple times off the .068 level on a daily perspective,and have divergence occurring on the MACD and RSI on the 2HR time frame. Targets are listed. If breached I have my S/L above the top of the weekly downtrend and above the last previous high and would then buy the breakout out of this weekly down channel given confirmation on the daily.