Price advanced trough the bearish ABCD detected in H4 chart. I get the same on H1 chart, but another bearish ABCD pattern emerges and suggest a brief lift in the price, but the downtrend remain a little bit more.
The bullish divergences (STO 13,3,5) on D1 and H4 charts warning the end of the downtrend… Although, there is no bar reversal pattern yet.
I remain the short trade active, moving SL to 116.96 just in case… if the bearish ABCD pattern is confirm on H1 chart, it could give another short trade opportunity.
Note: blue lines correspond to H4 chart analysis (bearish ABCD pattern)