On the H4, with price moving in a descending trendline on the RSI and price recently breaking the ascending trend channel, we have a bearish bias that price will drop from the entry at 124.96 at the pullback resistance in line with the 23.6% fibonacci retracement to the take profit at 122.39 at the pullback support in line with the 61.8% fibonacci retracement....
H&S pattern is completed, neckline broken - interest rates are going down. No doubt the rise has created havoc in the economy, stocks are braking, and Central banks will be soon coming to rescue.
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