Price on the daily perspective has been capped within a symmetrical triangle for just over a month. Price is currently coming to the very end of the triangle and could potentially break to the upside or downside, giving two different scenarios for trading opportunity.
In the case of a break to the upside: it is ideal to wait for a break of the resistance level 120.75 for a confirmation to go long. Targets 123.75 and 123.5
In the case of a break to the downside: it is ideal to wait for a break of the support level 119 for confirmation of a short position. Targets - 116.5 and 116.25