I still believe, we're looking for a break of daily trend resistance, but for the time being, going short to form 2nd potential inverted H&S for around 40 pips.
-Expanding Wedge formed on weekly chart -double bottom formed on support trend line on the daily chart; showing momentum to the downside has decreased. -4H chart; 3 tests of support identify a consolidation. Also shows signs of bullish divergence. Looking to go long..
retest of head and shoulders neckline
tests of daily trend resistance as well as bearish divergence
Re-test of zone 50% retracement Bullish Harami Candle
Retracement to 61.8 Re-test of trend line Long candle wick, bulls pushing up
BREAK OF TREND RESISTANCE 3rd impulse down stops bearish momentum at support, looking to buy now
RE-test of daily trend line
USDCHF & GBP/USD tend to move in the opposite direction so we'd be looking to short.
38.2 retracement on daily. break of trend line support on 1H. Momentum decrease towards resistance on 4H.
Main reason is pullback had formed last week and no doubt there would be retracements forming yet again this week so overall we're looking bearish.
wait for second shoulder to form and enter on break of inverted Head and shoulders neckline
Price makes HL and breaks trend line resistance