As you can see on the Daily, we have broken out of our triangle. You can see a clear retest of the triangle and a 20 EMA bounce short as well. Confluence factors include, Long term short biased, retest of triangle, 20 EMA bounce short, bearish MACD, and a bearish engulfing candle prior to this week on the weekly chart. Lets see if it takes :)
1.) I am expecting a retrace to 119.100. Hopefully a bearish reversal candle will print and we can then expect to go lower again.
2. I placed a trade at 119.747 short, at the retrace for the symmetrical triangle on the 4 hour chart.