What we have here is a potential pat pattern which would complete at 1.1418. Now it's important that we don't pass up on other trading opportunities because of the potential pattern because there's no reason to be confident in the completion until the "B" leg is broken providing us with a NSH , HHHC.
Just like with the USDJPY trade last week (Minute 2:35 of this Video https://www.youtube.com/watch?v=OnzLKZhfSzM ) I'll be looking for a potential structure based trade at the structure level as well.
Hoping you guys have had a great trading week, and cheers to a great weekend.
Chief Currency Analyst at http://www.TradeEmpowered.com