In the 240-minute chart, the structure of all waves is in triple format, which indicates the end of the existed trend. Previously, there was the possibility, that the Diagonal pattern completing in the range of 1.3736, but with price retracement and the created uptrend, it is possible, this pattern at wave C from point iii forming a Diagonal pattern. According to this scenario, the uptrend can be extended up to the range of 1.3795, and in case, it just goes below the range of 1.3562, we can be hopeful for a downtrend formation.
