SHORT POSITION: Price has broken upwards channel and Weekly Support of 0.71600 Now waiting for the retest back to 38.2 or 0.50 Fib retracement level to then enter the short position
If price breaks past both these level I will wait to see if the daily time frame will form a H&S pattern and enter a position
HOWEVER: If price breaks both Fib retacement levels and goes back into the upwards TL then it could continue its uptrend therefore the H&S on the daily time frame could be invalid