Potential Reversal and Head and Shoulders
Big moves for this pair last week. Price has found support on a weekly level of structure, and I anticipate a reversal back up after some consolidation. We have a potential Head and Shoulders pattern forming on the hourly chart, so I'll be looking for a break above the right shoulder and a pullback to structure to buy. Targets will be at our previous highs. I'll be waiting for a break of structure for further trades.