Previous resistance located at 14.39.
Selling pressure from 1438 resulted in all the initial daily gains being overturned.
Broken out of the triangle formation to the upside.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
Bespoke support is located at 1371.
We look to Buy at 1371
Target 1: 1440
Target 2: 1450
The price action is been ranging in a rectangle consolidation where it is forming a Regular Flat Correction pattern that indicates completion of corrective phase and beginning of a new bullish move or trend. A good risk to reward setup.
Keep a Stoploss: 1290
Target 1: 1340
Target 2: 1375