Key 82 level was broken last week, but there's potentially a lot of support in this area, or at least there's a bit of traffic on the weekly. Not sure if price is forming a channel or wedge on the daily, but downward price movements seem to be capped by the shallow black lower TL for now. Lets see what unfolds.Intraday reversal on Friday, may suggest more upside in the short term?My other opinion is that the daily has made a large descending triangle, which is bearish. If it's true, then price goes south in a big way.Anyway, I speculate as ever, because no pattern is full proof or lasts forever, patterns often morph from one to another. But looking for Pin Bars and other good price action signal really helps tell you which way to go, which makes life much simpler.
Comments
152 pips on this is not bad !!
lets look for another set up dude !!