Breakout just happened at 120.843 level. The trend is bearish. Possible false break as the momentum to the downside does not look strong. Will wait for this one out until the around the 120.475 -120.258 area for buyers to step in.
Strong impulsive move after a hit at resistance. We currently testing support. Below the 20 ema. The trend is Bearish. A potential short entry on this level. Looking at what price will do at this level.
Taking pull back trade after price bounced off resistance this seems to be like the price is going into a range before we see it breakout. But I'll trade with the direction of the trend until a breakout on the counter-trend happens.