Going off the main down trend, fib level respected but could see reversal around the bottoms of this area so fib may not fully complete. Target set at 0% Fib level for safety. Quick trade, dojo at top, fib plus rejection. Full retracement and possibly further downside to 114.40 - 114.90 before going to upside. Stop level above top hourly doji candlestick + just...
3 touch pattern. Break of trend line. Retest. Rejection. Sell. Multiple positions to scale into. TP 1, 99 pips. TP 2, 263 pips. 258 pips completed before change of direction.
There is a head and shoulders pattern playing out around the 0.5 - 0.618 fibonacci retracement zone. If as expected we will see a short following the C-D trend line of the AB=CD pattern. This should occur with the MA's crossing over to the down side for a good stretch. 1.7440 should be the next target after this roll over down a parallel channel, then a possible...