very intestering scenario here. after reaching the upper wall of the previously mentioned uptrend...we saw a quick rejection off that level (1.3073 or so ) To get to that point....pa moved in an ascending triangle slowly..barely. After a false break to the upside of this ascending triangle..we broke to the downside and are currently in the process of retesting the breakout wall to see if its a real break or not. If it is...we can go to the middle wall of the hourly uptrend again (1.2970 or so) with further targets closer to 1.2900 (the start of this last upmove). If this break to the downside was false..well then...we can retap todays high again or go even higher...extending the upper wall of the hourly uptrend. As for me I am currently short on the triangle break retest..stop loss just above 1.3100. Good pippin all
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