Price coming down from massive resistance + downwards trendline at 0.7500. It broke the trend and form a inside H&S pattern. As of now. right shoulder is forming and if we see a rejection at fibo levels, a short position can be favoured with stop loss limit above the head with take profit below the previous low. That would be a R:R of 1:2
Comment:
price come off the trendline and fibo, rejected and now is running profit 60pips+