A bullish pennant pattern is probably being built on 1H timeframe. The prices are pretty much supported by EMA 12 during consolidation with the bulls intended to push price through the upper line of the pennant.
Target: 140 ( the length of the pole)
Stop loss: below 124.54
When price turns down and break below 124.54 level, that means 1H uptrend has been lost and the pennant will be invalidated.
Target: 140 ( the length of the pole)
Stop loss: below 124.54
When price turns down and break below 124.54 level, that means 1H uptrend has been lost and the pennant will be invalidated.