The weekly H&Shs pattern which I indicated on 21Apr and published here now is running so, the trend is bearish. Besides, The daily and 4H are bearish, and 4H keeps making LH. I enter a short position with targeting a round number 0.73500
R/R = 1:1.61
The long position has been taken, in the daily trend was bullish, in the 4H price broke a supply level and it was pulling back. As a result, I take a long and the TP was the last HH.
R/R = 1:1.48
The price start a bullish trend from daily support plus it broke the last high which created the last low level, it also broke descending komu.
I put my TP on last week high.
R/R = 1:1.19
The daily and 4H trend is bullish plus in 1H the price passed the descending komu, and also in 4H it was above an ascending komu, so I entered a long position and the TP is the previous base high.
R/R = 1:1.78
As a mid to long term bias, I believe price may make a Head & Shoulders pattern and fall around 0.71375 to 0.7113
I suppose the actual bearish movement will happen mid of June when the neck line will be broken.
