The pattern has completed, however I would like to wait for a rejection candle before I go short. The momentum indicator on the higher timeframe seems to point higher, hence the reason to wait for confirmation
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Took a trade earlier, price moved towards TP1 @134.96 but didn't take profit as I thought that it would move much further. Price came back to break even and I was out of the trade.
Now just re-established my short positions again. Stops above the recent highs only
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Took partial profits (+20pips) and the remaining closed at break even. This pair might need a little more time to fall. Similar bearish pattern on CADJPY too.