the bermuda triangle....

The beast is now entrapped between the two converging trendlines; indicating that both the bulls and bear camps are struggling to defend their territory.

Even though currently the bulls are having the upper hand, it is advisable not to trade as long as the price is coiling within the triangle. Should the descending trendline is taken, it is possible that the price will test 137.xx area again.

As usual, I will stay out if the price rallies upwards again and wait for bulls exhaustion confirmation before considering any new entry; especially now when I have a few bad entries... impatient me... LOL

Below is the H4 chart as of 6 am Malaysia.


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