The red bullish pattern is invalid so I am anticipating it to fail to create a new high (above 1.3080). My upside target area is defined by fib retracements using the blue X,A leg to anticipate where D will complete. I am trading the blue C,D leg up to my target area where I will be watching for hidden bearish on a lower time frame to help decide when I exit the trade. If price holds below the previous high at/below my target area I am then bearish to my downside target area. Because the red bullish pattern is invalid I anticipate it to fractal and become a left wing on a larger bullish pattern defined as the red X,A,B,C,D bullish pattern . If price makes a new high my next bearish idea is no longer valid.