Potential daily head on shoulders pattern forming, expecting a potential pullback to 1.18550-1.18700 area with a candle stick reversal candle to indicate short, after break of uptrend channel, looks like price is now forming lower lows & lower highs. I am waiting for lower high to complete so a new lower low can be formed. Will be watching closely next week! :)
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4 hour view:
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We headed down now, price did not break above the 38.2 level. New lower low in the making after breaking support. Usd gaining strength as well..
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at a minor support level now, my overall target is 1.14500