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Potential abcd pattern here, price could now be in an uptrend making higher highs & lows. Higher low completed, now a new higher high up to strong Weekly resistance is potential
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watch for a break of the CTL for longs
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& a break of the initial trendline for shorts to 1.66300 daily support
I feel like it's giving a pretty nice H&S pattern.. :/ . We should see how it plays out, good luck! My medium term bias is to the upside as well though.
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@SN_Doumet, yeah I see that as well, will be waiting for a break above that zone for potential buys, could retrace further like your chart shows.. Nice one
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