Hey guys,
Going into Asia, it did make a break below the consolidation (red arrow) for about a 50 pip move. I just wanted to point it out so you can learn to recognize the pattern. Now it is ranging between 149.63 and 149. I'm watching now to see if it is reacting to the backside of the trendline. If you blow up the compression to the 30M or the 15M, you cans siee it riding the backside of that trendline.
I'll check back later.
Going into Asia, it did make a break below the consolidation (red arrow) for about a 50 pip move. I just wanted to point it out so you can learn to recognize the pattern. Now it is ranging between 149.63 and 149. I'm watching now to see if it is reacting to the backside of the trendline. If you blow up the compression to the 30M or the 15M, you cans siee it riding the backside of that trendline.
I'll check back later.