For my educational purpose only - NOT a signal.
What I see on Daily timeframe is, that the price is approaching the previous zone of resistance.
Price has dropped from this 114.100 area previously 2 times.
In order the trade to be valid, the price should not break the horizontal blue dotted line and should break the blue dotted rising trendline.
I know - usually, this pattern is recognised as rising wedge, indicating price going up if horizontal trendline is broken - this is also a possibility.
If the 114.100 trendline is broken and re-tested, the price should go up.
What I see on Daily timeframe is, that the price is approaching the previous zone of resistance.
Price has dropped from this 114.100 area previously 2 times.
In order the trade to be valid, the price should not break the horizontal blue dotted line and should break the blue dotted rising trendline.
I know - usually, this pattern is recognised as rising wedge, indicating price going up if horizontal trendline is broken - this is also a possibility.
If the 114.100 trendline is broken and re-tested, the price should go up.