the daily chart
shows price in a descending triangle
creating lower highs but the same lows. I'm expecting price to break out of this triangle and go up quite a lot of pips. Head and shoulder has formed and that gives me added confidence along with the way the fib levels have showed good rejection. Need price to break and test the 140.50 area before i would feel comfortable taking this trade and that has been a very strong resistance over the last few weeks.