Momentum is Slowly Building

Momentum is slowly building in this market towards a breakout.

Whilst a breakout higher would be favorable as it would be inline with the overall higher time frame uptrend, I will be watching the price action for any major breakouts.

If price ends up breaking lower, the smaller time frames could provide a lot of trading opportunities for both straight breakouts and breakout and re-test trades. These could also be very high reward trades as price has a lot of room to fall lower into.