Price might go to retest the 1.20 before flying off. A bearish Bat is completed and bullish butterfly might complete around 1.2. However, anything can happen.
The price just retraced at 38.2 I don't thinkk it will retrace further. The price have to retest the descending TL and complete the bullish butterfly. I will look for buy around 1.2
I think the price will go test the descending TL that it just broke then move up. Long term target is around 1.37600
I think the price will go down to around 1.07470 to complete a bullish butterfly than move up to complete an other bearish pattern. Short then Long