This is interesting. It appears to be some sort of fractal pattern with Cup & Handles all the way down from weekly (Which is not really a true C&H pattern) in reducing time levels to 30 minutes. ---- It suggests to me that Bulls and Bears are lined up strongly on either side. Bears are comfortably sitting with overhead resistance behind them in the low 1.4000s. Bulls on the other hand have been growing stronger on each pullback.
A break, and a strong one at that, may be close. Readers of my recent posts will have been aware that I favour the upside, however, failure to break up soon will probably lead to rapid liquidation by bulls, with a move lower toward 1.3450/1.36 before any significant support occurs. .
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