Price on a higher time frame has broken out of structure to make a higher high. Price has broken back below the descending trend line to a support level.
From where price is currently we could either see a continuation of the downward move or a break of the lower time frame descending trend line for a push up towards the 131.00 area where we could see a head and shoulders formation or a continuation of the upward move
From where price is currently we could either see a continuation of the downward move or a break of the lower time frame descending trend line for a push up towards the 131.00 area where we could see a head and shoulders formation or a continuation of the upward move