Risks to this include the obvious reentry into the overall trend or a violation of the upper making a breakout to the resistance without completion of the .
standing at 68.4 is indicating overbought status, meaning a retracement for completion is reasonable to expect. Daily is still on the oversold side meaning continued consolidation can be accommodated for. Minimum Stop/Loss level is at the 'X' level of the .
Entry into a short position as a rejection of the at 1.277 is the clear follow on play, looking for potential breakouts to the downside as a longer term trend continuation play.