Time will tell , so wait patiently

Again, this is like EURUSD, putting me in a catch 22 position.

While the price action has broken out of the bearish trend line, a bearish engulfing candle quickly doused the optimism of early bulls last Friday. Anything can happen next week.

Well, it can rebound as it is still resting on the bullish trend line.

Or , it can heads south towards the 3 red arrows indicated on the chart.

Another alternative is it hit one of the 3 support (bullish trend line -green), support at 1.30780 or
1.30407 and rebound.

Again, it is tough to buy or sell at this juncture as it is too near to the cross-section of the bullish/bearish trend line.

A better buy would be at 1.31580 and sell would be after it breaks down from the bullish trend line at around 1.31065 area. The exact price point is hard to determine now so wait patiently for the price action to be formed next week.

Trade cautiously. Fake breakout or breakdown can happen near the cross-section of the triangle so no need to hurry and rush to get in. I comfort myself by saying there is no extra bonus for being the first to get onboard the train. Time will tell, so wait patiently......