Continuation or retracement?

Updated
EurUsd is in a deciding moment. Either we continue with the long downtrend or just retraces to 78.6 % of the current uptrend. Price is forming a head and shoulder in the 1 hr and 4 hr timeframe. Looking to sell for 100 pips. Happy trading!
Note
Entry around 1.0860. Target @ 1.0760
Chart PatternsTrend Analysis

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