1.17 position is not very high. $USUAL
🏁 The 4-hour level is approaching the top structure. If the closing line does not break 1.1188, an effective breakthrough at 1.1858 will lead to point B, moving up to look for high 3.
Breaking below 1.1188, the next support is at 1.0262. As long as this level holds, point B will also be valid. The upper resistance levels are around 1.2586 and 1.3408, which need to be tested. If it goes high 2 and forms a double top breaking the neckline down, then point B will also need to establish a bottom structure before moving up.
🏁 At the daily level, if the neckline at 1.0699 does not break, or if it shows a small K-line this morning closing above 1.1441, it will also move up to point B. There is also a slope trend support here. Looking at the chart will be more intuitive.👇🏾