I know right? All those trouble just for a fake breakout. But hey! Now we're back in the Monthly Ascending Channel range and the price is forming a H&S! But wait, there's more! On daily, the price also moves inside another smaller channel. Well, forex market is fractal in nature, after all. After the fakeout, price rallied back up, then got rejected at the upper trendline . We can also observe a strong close on yesterday's candle, providing a confident downward direction to complete the H&S. I'd wait for a break and retest on the neckline before considering a short position.