Very long term play. On the daily timeframe
, I'm awaiting further confirmation with price making higher highs and higher lows, but off of the weekly timeframe
, we can see a Head and Shoulders
formation has occurred. I'm placing targets at the the last "LH' point which is around the 86.000 handle. If price continues to travel up, we can even see a move towards the 1.272 and 1.618 targets.