We can see that price has been ranging between 29800-31900 area for a few weeks now and we are waiting for a breakout in either direction, we also know that price has been testing the area more than 8 times now and the more price tests a region the more likely we see it push through. Price did drop to our sellside liquidty ~28900 in which we can take a long towards the previous resistance area of ~31000 and provide a tight SL if price was to drop out of this ranging formation.