Currently none of the major chart patterns appears on 1H chart
Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down
Breakout entry can be placed at the level shown on chart
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart" "Any questions are welcome!!! just write down in comments. Your likes are much appreciated."