The pair is currently forming a Bearish Head & Shoulders Pattern. If we get a breakdown of the Neckline, we can expect the price to fall. The 1st target on breakdown will be close to point D. If we do get a breakdown as expected, we can have couple of opposite trades on same pair as it looks like the pair is also within the formation of a Bullish Cypher.
But first most important thing to trade according to this tradeplan is to have a breakdown.
But first most important thing to trade according to this tradeplan is to have a breakdown.