UC "right" wedge

1 confluence of the S/R (green) flipzone and the bottom of the yellow channel
2 top of blue channel "neckline" of HnS if you want

top blue tl and bottom yellow tl constitute a possible wedge on the right side

if/ when it breaks down,.. first target is middle blue around 1.2650, ... second is lower horizontal greel just above 1.25

if it holds upper target for me is 1.34
it has bounced off the yellow bottom quite forcefully before, so tomorrow should be an indication

short term scalp my bias is up
long term down

Kommentera:

almost 180 pips higher since publishing we are indeed at number 2, looking for futher PA to see what will come out of the channel top touch

long term bias is still down but made some pips on this move up

Kommentera:

on the break of the blue channel we have an engulfing H4 candle back into the channel so rather strong rejection
oil got a boost

i'm short from 1.3065, sl at BE