Monthly: Falling Wedge from 04/15 Price is currently in between the key levels of 1.713 and 1.676; For 6 months price rejected key support;
Weekly: Clear Higher Highs and Lows structure since 2017; Currently consolidated for 18 weeks; Break of 1.713 shows signs of continuation of the monthly uptrend; 10EMA is has been above 20EMA all this time supporting trend continuation;
Daily: This consolidation has a triangular shape; Daily Resistance comes in at 1.707; A break of daily resistance/support + triangular consolidation would signal a possible opportunity;
_________________________________________________________________________ Moving Down to 4H for execution;
Head and Shoulder Partern formed at Major Support + Strong Trendline;
Entry Trigger: Strong candle Breaking trend line and showing momentum moving away from Flip-zone;
Stop Loss: A few pips below Trigger Candle low;
Target Profit: Measured move of the head projected up;