GO LONG , price at the support level horizontal and channel
we can see clearly a Descending Triangle so going short is a good idea
H&S PATTERN AT THE SUPPORT OF THE UP CHANNEL IN 4H TIME FRAME INDICATE A GOOG REVERSAL AT THE 1H TIME FRAME
Inverse H&S pattern can take the price to high levels , our first target is 1.8367 stop loss can be bellow right shoulder or bellow the head ...
price at the linear resistance after a nice correction wave abc , probably price will fall down to make fifth wave
i think it is time to continue going up in the main trend and this the end of the abc correction wave witch makes forth wave , complete the cycle by making the last wave (5) is a good idea
i think it is time for correction after a nice UP trend forming the third wave , now looking for the fourth specially when the MACD make a divergence in this stage ... my first target will be at the 38.2% fibo of the last bullish wave (2-3) and stop will be above 0.9500 .
Price move in overlapping waves that makes a wedge pattern , i think wave 5 is the last bullish wave before falling down and take the main direction of the main trend
nice breakout of H&S pattern neckline :) i will buy and make 2 stops , one bellow neckline , the other bellow the right shoulder and i will let my profit running