Chart of the Dollar Index.
Sterling not quite making it up to the blue zone, happy to find bear traders around this 5835 previous support & resistance combined with the longer term down trend line.
Still in this trade with an expectation of price breaking the lower trend line and moving towards 5670.
On the left side of the chart a triangle consolidation area @5750. When the price finally breaks in a continuation move, again at the beginning of the European session, it drops 250pips before reversing. Great risk to reward ratio.
