OK that's where we spotted the sell off earlier today.
This is the consolidation we lead this thing around overnight.
And that's exactly what happened.
They Stop-Loss will trigger and we were out.
So you have to have your Stop-Loss is in place.
And again we could have the position earlier we did and this was just a test to see how those things
work and Stop-Loss could trigger positions are closed and we were out with a minor loss.
Now is this an opportunity to go shorter.
This looks like once again go much lower.
So let's look at the chart
Yes.
Now prices move below all the moving averages and the prices trending below the rising channel.
So this area the bottom of the channel it's going to act as resistance.
I think this is a good place.
Not I mean not quite.
But this could be a place to go short.
So let's let's get ready and see if we can show that these currency.