Price is forming a head and shoulder pattern on multiple time frames,
My preferred entry is to see price attempt to break under the 4h zone towards the central daily channel support level.
Fib 0.5 is around 1.20600 and lines up with the central support and left shoulder.
Line up your confluences and only risk what you can afford to lose if you take this trade.
TP somewhere around 100 pips or possibly longer term hold could see around 200+ pips?
My preferred entry is to see price attempt to break under the 4h zone towards the central daily channel support level.
Fib 0.5 is around 1.20600 and lines up with the central support and left shoulder.
Line up your confluences and only risk what you can afford to lose if you take this trade.
TP somewhere around 100 pips or possibly longer term hold could see around 200+ pips?