I just don't see prices initially bouncing off one TL or the other. Seemingly bouncing off both. I don't see the 5 ema crossing long over the 12. Nor do I see any confirmation from the relative strength indicator. What I do see is a sideways movement between 148.90 and 149.10.
A breakout will occur; just not sure in which direction based on the 1H and 4H charts.
A breakout will occur; just not sure in which direction based on the 1H and 4H charts.