Hi pips hunter, i'm glad you all made a profitable setup last week. I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( QM ) at SNR. The price haven't break the resistant line (QM head) yet.
If the price react with the parallel channel , price may change to flag pattern as the price will continue upward. Also, if the price break the resistant which held QM pattern, this setup may fail.