further to yesterdays post i am now long and am looking for a medium long term trend up but we have a CL objective ( deep pink) and a previous high at 123'19 to 'take out'. This is a market i have been watching for some time. Two forks initially interested me; drawn from P00 and P0 and neither has had any price activity near their respective centre lines. Of course there is a chance we are still in a range and a further failure (see daily ADX at 23.77) would confirm that we will continue to move sideways however the 'Big W' pattern is still intact and even with another failure i am still optimistic long term for a break out.
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