On the Weekly Chart, the pair almost seems to be making a Bear Pennant and has been in a significant downward trend. at the moment there is a Bearish Bat pattern! typically one might want to place stops above the pattern's entirety, but I like Risk/ Reward to be at least 1 risk/ 2 reward. There are 4 TP's each at signiciant Fib. Retrace levels of the AD leg. (Supposed to be CD But I like larger profits) :)
THIS IS NOT A SIGNAL!
THIS IS NOT A SIGNAL!