I wouldn't go long or short until it breaks either way. Bears have the advantage at the moment.
There may be a mini-inverse head and shoulder, but the volume doesn't coincide with that particular pattern. There are probably better set-ups out there instead of forcing trades.
Congrats to those that bought at channel bottom though (~1.21). I couldn't stay in the scalp to get the whole 25 cent move (only took out 13 cents). The down-trend is still in tact and it honestly looks very pathetic.
There may be a mini-inverse head and shoulder, but the volume doesn't coincide with that particular pattern. There are probably better set-ups out there instead of forcing trades.
Congrats to those that bought at channel bottom though (~1.21). I couldn't stay in the scalp to get the whole 25 cent move (only took out 13 cents). The down-trend is still in tact and it honestly looks very pathetic.