I would agree tht it is bullish short term but that Descending Triangle you are showing is a continuation pattern and "should" break to the downside.
ztokar
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Thank you sir for your help. Just to be clear: I was taught that a pattern or corrective structure more often than not breaks in the way of the impulsive move leading into it. I think there is a bullish impulsive move leading into the triangle. Do you agree with this, or are you trying to say something else?
CurrencyWaves
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i see the move up from 72.50 as a corrective 3 wave move but it could still be an a wave with this consolidation a b wave. so either way...just gotta wait for the break.