with the channel down and 3 times tested. it's time to see it rise
Chanel Up H1 and Rising Wedge H4
It looks like it has broken the Falling Wedge on Daily and Rising Wedge on 4H. Today Daily start above 200EMA, so does 4H and 1H. Weekly is currently also above EMA and would close above it by the end of today (12AM GMT+2) The fibonacci levels are lining up pefectly with Major Support/Resistance Level, a good sign for potential bull till 0.5 and 0.618
Potential Inverse H&S combining with the 5th Wave Elliot is done, we expect an impulsive wave coming up next week
Probably by then end of tomorrow it would reach to 0.9055
If H1 can closed below 200EMA (146.97) or Daily closed below 200EMA (146.70) today, then it would probably bear til 0.5 (144.806), 0.618 (143.654) or even 0.786 (142.012) This trend probably start next week and stay at short trendline
Potential H&S and Elliot Wave
A bearish Garley has been formed and with fib, we can see major R/S Level at 0.382 and 0.5, probably bounce back by then
On Weekly, it is showing a potential H&$, also with Fib, it looks like the right shoulder would line up to 0.236 then bull for a good time til 0.5
After its false breakout the trendline , it's probably will go long and retest the resitance level for the 6th 0.00% time, if it does break it then another long, vice versa.
IF it break the trendline the an op for short is formed
1H chart also show its potential to long to Major Resistance
Short Idea