Short Trade coming soon

Everything about this pair looks short. Wait for the break of the trend line and entry set up before opening any trade as this could still push a little higher. There is no long trade set up so don't be trying to trade it long. Be patient the short trade is coming soon.

I'll update my ideas as they develop
First rule of trading - Protect you capital

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Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

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Keep an eye on this - it could be the break out we're expecting. It needs to push on down some more before I'll start looking for an entry set up.

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Yesterday's breakout retraced back into the structure. This is why we wait for confirmation before opening a position Rule no. 1 protect your capital