It's tricky. Technically we're still in an uptrend but as the red box shows, we've failed to breach previous highs creating a no trade area just under the daily resistance created from the August highs.
Want to see a daily close above the resistance, with target 1 filling that August wick and target 2 the next resistance area.
Note for the scalpers, there is a 50 pip area between these highs and the daily resistance, if the 30 min high is breached would be an easy move in theory.
Not taking a trade off the 3rd bounce but put it in there to show the bullish momentum is still in control and just to show you why the market may dip.