On monthly chart I mentioned that price just broke the 1.1200 level, creating yearly low.
On 4h chart, ab=cd formation will complete at 1.1057,and price is now moving down within the channel, 2 strategy fyi
1: Wait for long set up at around 1.1057
2: Short high during the channel and use it for entry and stop setting.
Personally I shorted at above 1.12, with a risk free postition now, and intend to add some position to expand profit.
On 4h chart, ab=cd formation will complete at 1.1057,and price is now moving down within the channel, 2 strategy fyi
1: Wait for long set up at around 1.1057
2: Short high during the channel and use it for entry and stop setting.
Personally I shorted at above 1.12, with a risk free postition now, and intend to add some position to expand profit.
AB=CDpattern completed at 1.1135 in 4H chart, reversal signal