Looking at my two previous charts I think that as long as we stay below the 4hr triangle/wedge we will see another test below... that being said, I could also see another thrust up to say... 118.40/60...
Open up an naked 1hr chart and plot a few S and R levels and take a look... we are currently butting up against the 1hr triangle, but it's anyones guess if this will hold and re-explore the lower trend line...
Open up an naked 1hr chart and plot a few S and R levels and take a look... we are currently butting up against the 1hr triangle, but it's anyones guess if this will hold and re-explore the lower trend line...