Possible H&S pattern. If an equal measurement of the chart pattern does indeed play out, 600 pips are up for grab.
Comment:
Weekly view: A close back in would be crucial and optimal
Comment:
Daily view: Pinbar followed by a strong bearish engulfing candle. Important to see if H4 candles do bounce off the trendline to signify that it's a new found support or whether the move up was just a manipulation by the big boys to get in and act as a stoploss hunt
Comment:
Watch for any rejection as a confirmation to go short
Comment:
Move came a little late but was worth the wait. More to come