two scenarios head and shoulders for long or triangle for short, both possibly big moves
In the channel te price its forming a possible inverted head and shoulder if it breaks the channel i´m looking at least the yearly pivot.
The chart speak by itself, at least the yearly pivot!!
A descending triangle that if brakes the trendline for a bullish position could be a great move to the yearly pivot or if brakes down i think that 1.28 the next stop.
Looking for a chance to short at the broken of the ascending channel around the circle area, wait for PA.
If broke 115.185 daily level, i could wait for a retracement a enter long in a throwback, possible target 118.234
For a short term we can look for the retest of trendline and the sma 50 for a little bounce. For the medium term wait for the broke of the trendline for short specting complete the shoulder of the SHS.
there is a Head and Shoulder pattern not well formed but support the idea of a death cross from the 50% FIB with room to the 23.6 for a better price and down to the weekly trendline.
The pair is topping with a turning zone and the rally looks like has low fuel, let´s see if can broke the trendline
The prices between 142.115 to 143.034 are now a resistance area and they are 38.2 and 23.6 fib of the last moving retracement too.
For the short-term looking a retest of the 38.2 FIB, for a Medium-term a confirmation of the W pattern for long
zones to whatch at 86.403 and 85.970 for BUY
Looking for a long on a break of the bearish trendline on daily and realignment to the bullish trendline on weekly!!