11.51-11.52 then to 10.68$Morning guys,
So, both our setups are done well. And now, actually we should return back to previous idea of 4H H&S pattern. You could find it in my ideas just two steps back. Now, theoretically you already should have bearish position, as last setup with bullish upside H&S pattern was the preparation and way to the top of right arm of 4H pattern.
Recent sell-off was nice and in a row with H&S pattern. Now price stands at daily 5/8 Fib support and neckline. Here it is too later for any moderate pullback. We could let price just to flirt with neckline a bit and then we would like to get the breakout. Any deep pullback is negative for bearish scenario and should be treated with suspicions.
IT means that on 1H chart we could consider minor retracement to K-resistance area and completion of "222" Sell' pattern. That's all. Then we would like to get our H&S target around 10.70$. Maybe tomorrow's NFP will help us. Let's see...
