If this is what I think it is, then this could be a great trade opportunity. If this gets confirmed that it's a Head-and-Shoulders, then 1.00000 here we come!
Certainly, it's a bit too early to spread the positive vibes about it, because anything could happen. But if it gets confirmed, then this could be a BUY opportunity for a couple of months. I wouldn't be entering any LONGs yet, as the pair still needs to confirm my idea. So I will be watching it for now with some price alerts set up.
But, I could be wrong. The market will be the judge.