Could the Long-Term Trend Be Fading?This is an interesting pair. After making a clear trend higher on the daily chart, price has not yet been able to breakout of the recent consolidation and form new higher highs to continue the trend.
As the attached 4 hour chart shows; there are clear range support and resistance levels in play.
Aggressive traders could look to make range trades from both of these levels should any high probability price action be fired off.
More conservative traders could look to see if the momentum building creates an explosive intraday breakout signal.
