price break from the channel to the downside , price is expected to retrace to retest before furthure downward movement after head and shoulder pattern shown up at which indicate end of current uptrend
PRICE IS MOVING IN A TRIANGLE PATTERN, IT IS GOING TO WAVE D OF THE TRIANGLE STRUCTURE , THEN WE MOVE TO WAVE E BEFORE MAKING THE FINAL MOVE OF THE CIRCLE
MARKET is still in the uptrend to 0.63 on monthly time frame , and the trendline is still holding from last month ,the market will drop a bit to retest the entry level before moving up again
base on market structure , head and shoulder pattern already fomed which means WAVE (345ABC) and LL formed , a LH expected to form before we sell for the next LL