Just a little short-term idea.
Already succeeded rejection of the 50% fib and looking to break the ascending wedge to complete the right shoulder of a potential head and shoulders pattern. Taking a short pending the breakout and retest to drive it to the 1.27 as tp1 and the 1.618 as tp2. Invalidation level just above the 38.2 fib level.
Already succeeded rejection of the 50% fib and looking to break the ascending wedge to complete the right shoulder of a potential head and shoulders pattern. Taking a short pending the breakout and retest to drive it to the 1.27 as tp1 and the 1.618 as tp2. Invalidation level just above the 38.2 fib level.
Trade closed manually:
invalidation level reached