what you see here pictures is:
- H + S average target is the length of the head to base down ~62 pip puts us at about 102.90
- short term ascending bottom support line from starting 10/4 caught the initial drop and where we closed
- (sloppy) descending is nearing its throw back point.
- standard optimal trade entry ( OTE ) for long from the rise up from 102.62 is around this area when fibbed out as well.
(Also worth noting the 2 and 4 hr period are reset on all oscillators.. if thats your thing)
10/10 is a JPY holiday.
10/10 is a partial banking holiday in the US
this mean aussie, frankfurt and london will be driving most of the price action for next week open.
A safe trade might be long w/ stop around .74 , tp at ~104.28
(this would also fit the lower high narrative if you're thinking much further is in order)