Price action appears to be breaking out of the short term bullish flag pattern. A move higher should target the 120.51 level initially, and then the 120.90 area next. This will likely occur soon or possibly over the next few days. Let's see if our target area is hit...
Comment:
A nasty reversal after the breakout of the short term bullish flag pattern. We should see price action recover for a nice move higher here soon. The same target area is what to look for.
Trade closed: target reached:
Target level has been hit, and it occurred nicely in our target area