Long position opportunity from 260.86 with a Three Wave structure according to USD expected strength
Previous chart still alive, little bit detailed by few confirmation. Clear picture to use both chart together
Here is an increased plan for the next few months and an even more distant target.
According to further analysis I have two target for long position at 1.1869 and 1.1892. These will be the points of two short position next to the current one. Short position target 1.1445. For all of this need failing to make new higher high, any of the two Bearish Shark must be completed than channel upside edge re-test fail and fall bellow. Hundreds of points...
Potential Bearish Shark. In case of pattern complete I do expect for a long term bearish period with potential target of 1.1445
As soon as price reject from the channel high edge and successfully confirm I will go on short position as it seems a pretty simple ranging.
Strong possibility for a SHS pattern on daily chart confirmed with previous price actions on resistances