The Set-Up

This is setting up to be a perfect touch and rejection.

The first graph is a close-up of a scenario that could possible play out tonight in the U.S or on Monday's trading. Weakness in early trading in the U.K will see a 'slight' pullback then when the U.S opens we see a final push to the 'red circle'.

Just to note that the dark black line is the bottom trend line of a channel that started mid-March and ended late April, it is now acting as resistence, and the diagonal line on the 'overhead' is the line i previuosly posted in the long-term chart.



and finally a more wholistic graph for better viewing



safe trading.