On the daily it looks like there's a potential AB=CD BUY pattern that's almost complete. We've got some good structure in the 116.80s and RSI (14, close) is showing that we're on our way to being oversold too.
BUY @ 117.10s
SELL @ 118.48 (TP)
STOP below structure @ mid 116.80s
Counter trend traders could also wait until the .382 retracement to get short.
BUY @ 117.10s
SELL @ 118.48 (TP)
STOP below structure @ mid 116.80s
Counter trend traders could also wait until the .382 retracement to get short.