Although currently trading above 83.00, the bulls don't look convincing.
I suspect we'll see a spike higher, perhaps taking out the highs from last week (at around 83.35) before price will test the lower trendline of the channel, and ultimately, break to the downside.
I suspect we'll see a spike higher, perhaps taking out the highs from last week (at around 83.35) before price will test the lower trendline of the channel, and ultimately, break to the downside.
Trade closed: target reached:
Not going to be much more downside now without a hefty retrace first.
Nice move!
Nice move!