After price hit the 1.2 floor we have had a nice 3 waves down. We have exact equal legs into the 8H OB at around 1.07 and the bottom of the channel. Currently we have a LTF reversal pattern forming on the 15min TF. A break of the Head&Shoulders neckline will be my entry. Final target will be the SR-Flip level. This give around 24R
Comment:
This trade has stopped me out. Waiting for next liquidity level and then I will look for a new reversal pattern. Same trade idea