The beast is now moving without a direction between 130.30 and 128.77. As long as the price is entrapped within the range, it is better to stay aside and wait until the price breaks out of the range.

On the other hand, a possible descending triangle is in play on the H4 chart. Even though it is not a textbook pattern; since the current trend is downwards, I am favor of a further southwards journey for the beast unless 130.30 is taken.

Good luck and happy trading.....

"Always Assume The Underlying Trend To Continue Unless Proven Otherwise.."


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