The Formation is clear as day Simple Structure
I just see a repeat of the past plain and simple. Wait for the break out
4HR TRIPLE BOTTOM 1HR CHANNEL BREAK OUT 1HR ZONE REJECTION WAITING ON THE HL TO GO TOWARDS THE NECKLINE
Head and shoulders on the 4hr 2hr and the 1hr clear as day when the sun is fully out and there are no clouds around.
Clear to me we are in an area where the last valid HL created a new HH At this time I am waiting for the news to kick in so price can push back up SL would be around 1.10650 to be on the safe side.
Price is near the border where the impulse move started that created a new HH. Waiting for a bounce off the zone to the upside.