It's an odd pattern. All of a sudden, it broke out the up trend line and hanging there for a while. Usually it happens as a sign of a big change coming soon. Currently it's breaking out the flag area up and down. Short with SL over the 1.24400.
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It's coming closer to the major 4h trend line. Here is the scenario for both bull and bear.
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Ready for the second breakout. Almost time to see the decision of the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.