Possible ABCD Chart Pattern on EUR/USD

Hey all,

I have finished school at BabyPips and am testing my skills with a demo account.

I think I have found a possible chart pattern emerging.

I have 2 questions:

  1. Is it correct to place a buy order at leg C before the chart pattern has completed?
  2. Should I place an order to sell at leg D? (as this looks like a bearish pattern to me)

Heres a screenshot of what im looking at:


Any other advise would be great thanks!