The market moves in the triangle for a long time,now it is at the end of the triangle and must face the choice where to go next.
If the market break down the triangle,short positions could be opened when the price pulls back the broken up-trendline and target to 0.71-0.68 levels.
If the market break up the triangle,long positions could be opened when the price pulls back the broken down-trendline and target to 0.80-0.86 levels.
If the market break down the triangle,short positions could be opened when the price pulls back the broken up-trendline and target to 0.71-0.68 levels.
If the market break up the triangle,long positions could be opened when the price pulls back the broken down-trendline and target to 0.80-0.86 levels.
Comment:
The market has broken down the triangle and the price is pulling back.
