Price did not reach as high as I had expected. Instead of reaching for the high, it reached the close of the highlighted set of candles. Going in short now, and targetting bottom of the channel.
Comment:
Trade stopped out. Price broke through back above the red trend line. Possible moves up from here. If .69823, looking to target .70714. If that breaks to the topside, then we are shooting for .72151.
Comment:
Price broke through the red trendline, but there is bearish divergence on the 1H indicating possible move lower, which would set forth an ABCD pattern.
