Looking closely, the formation of another ( indicating an already overbought condition. Resistance should be around the 0.74950 mark although there is also an completion a bit higher than this, I would not be surprised if price gets to 0.75400-ish before it goes South.
Intermediate and Max targets are set using the bigger structure patterns. The longterm acts as resistance (blue dash line) while the pip count goes off the roof.
I trust you this should be a longer term trade, quite possible but still to be closely monitored for changes.
Let me know what you think about this.
I hope you guys had a good run.
We expect a retracement back to the 0.7300's and re-evaluate the situation to monitor if there is a possible trend reversal signal or we should stay short.
Let's wait to see what happens next.