the market here tested its structure resistance level and started to move down, as you can see we witnessed a very strong bearish reaction near 1.2440.
if the market will come and retest the structure resistance, I suspect we will see another bearish reaction which will be a good opportunity to look for sell because for this pattern still we did not hit the projected TP, and if the market test back structure resistance level I Will Then look for selling opportunity targeting Fibonacci 0.382 level
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Great idea, first time I've seen it, but I've seen some points in similar ideas. Making your charts reminds me of something. I wonder if you take cluster analysis into account when writing your idea.