This area of confluence as described by a fellow chartist definitely has merit and puts into doubt the continuation of the H&S
pattern being played out to its conclusion of 0.008 ~ 0.01 target! If this new inverted H&S
plays out I can see 0.05 being reached in the coming months and the long term uptrend being maintained? I will be going long at these levels, keeping an eye on stopping out if the lower end of the H&S
is broken, as the risk reward is greater on the upside.Another thing to mention is that the daily RSI
is at the bottom levels so indicates a good buying opportunity.