Price is at the neckline. a break to the upside will expose 152.908 where the 141% BC projection of pattern AB-CD completes, alternatively price may reverse back down to the region of 143.224.. my observation of this situation is that the break won't happen seeing that a lot of pairs in the market have weakening momentum this week. i'm going short 1st but i do...
Bullish cypher pattern emerging, hopefully may retest the descending trend line that extends all the way back to 2008
Reciprocal AB eq CD pattern completes at the 70.7% retracement level, if pattern fails and breaks out the channel i'll be looking to trade the breakout.
AB=CD pattern complete, multiple points of entry also drawn in for scaling in opportunities.