Price has formed a potential symmetrical triangle which indicates price is being squeezed and funnelled into this geometrical pattern. A strong bearish momentum previous to this pattern indicates that a breakout to downside has a higher probability of surfacing compared to a breakout to the upside.
There are 2 possible entries:
1. Fresh Supply @133.655
2. A break and test of structure @130.00 handle
There are 2 Targets.
1. TP1 128.29 50% profit closed and stop moved into small profit
2. TP2 125.77 full profits closed
3. If price nose dives due to Eur weakness then I may hold this short as a medium term swing!
R
There are 2 possible entries:
1. Fresh Supply @133.655
2. A break and test of structure @130.00 handle
There are 2 Targets.
1. TP1 128.29 50% profit closed and stop moved into small profit
2. TP2 125.77 full profits closed
3. If price nose dives due to Eur weakness then I may hold this short as a medium term swing!
R
