I'm really liking this setup. We have a potential formed (Highlighted black circle)... This has formed right on the targets of the previous (1618 ext targets)
The has divergence across both of the legs, and the neckline (123.4) has been broken.
If early week price action can keep its head above this level, I will be looking to carry this pair long.. I still have longs since May, so this could provide the scale in I am after. The targets for the (if confirmed) are 124 & 124.4.
The fact that the shows divergence in LTF's is good. The increasing on the break of the neckline makes this setup even stronger.