The structure of the market. Let's see how it plays out.
As we can see the Head and Shoulders pattern, the pair looks to break through and goes all the way down to the next Support zone as identified.
If the price doesn't make it to the H.H on the Daily chart, we could be seeing the price completing the Head & Shoulders pattern and go all the way down.
We could be seeing a New Higher High on the pair. Go LONG and HOLD - Risk low
The pair seems to be forming the ABCD exactly as identified on the chart, price action has followed the analysis from A to C. We now waiting for the price to complete point D
If price breaks below the trend line, we could be seeing a great SELL opportunity and it would guarantee you great profits in the long run. Hold it for a month or so.
The price is currently running at the nekcline which seems to be a very strong zone, as price has found both resistance and support for more one touch.
When you look at the 1 hour chart, you can see that the price is currently at the C point going down to point D. Looking to hold this trade for 2 to 3 days. The trade will be confirmed to be strong once it breaks the trend line and closes below the line.