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Weekly timeframe trend flagged a possible reversal through the formation of a double-top, followed by a steep decline leading to the current stage of consolidation as seen in the triangle pattern on the 4-hour - look to short the continuation downwards. Use S/R trailing S-L strategy following price.
H&S can be seen acting as visual for a trend-continuing reversal to the downside of 1.31000. Safely take profit at 1.30500 - potential trend may continue down beyond 1.30000.
Price hit uppermost trend line before moving downwards and forming a echo phone pattern signifying increased volatility. It has just hit the uppermost resistance of said pattern and is in a good position to be shorted.