Daily. This is the thorn in the rose bush at the moment. This break outside again has opened up higher levels of 1841 and 1860.

We're waiting for the 1H and 4H candles to give us confirmation.

Levels for everyone. Looks like the breakout is coming soon. Lets make sure we're prepared

Is it a continuation? With symmetrical triangles on some occasions they give a fake breakout in one direction then tend to go the other way.

In this scenario, we're looking to short the market so we're looking for this to break to the upside and give a fake signal. We're keeping an eye on this.

This could now make sense with our 4H analysis earlier this morning where we could see a move to the upside before coming back. No one can get it 100% right, but lets see how it plays out.

When we enter we'll let you know what we're doing.

Thats our 1810 target done from last Thursday. Now we're looking for a retest of the level below. If it supports we'll take the Long trade. Strict stop loss. There is still a lot of momentum, it should not take out the low for this to be valid.

Low taken out

This is what we're monitoring at the moment. If it breaks up the it should cover some of the bearish candle from yesterday.

However, having said that our indicator is suggesting a sell is coming in the next couple of hours. So we're not taking any positions at the moment apart from scalping.

The movement we've been suggesting is happening, its just a shame we didn't get to catch it as we wanted to. We're keeping an eye on the charts and will let you know our next steps.

If you look at the messages going back, we've insisted on remaining short in this market. Yesterday was another reason why going long wasn't a good idea. Monitor this 1785 level, closing below should put more negative pressure on the price.

We'll keep you updated.

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This is what we're looking at today. If you've entered a long at the bottom probably worth holding it, see what sort of reaction we get around 1792-95. We're expecting this to go lower down so we may test a short at the mentioned level.

Lets see what happens if we get there.

We're still holding our shorts, a break and close at 1800 EOD and we'll look to reduce exposure.

Right now 1790 looks good, 1783 and 81 should support the price