The EURUSD made falls break to the downside last week and hit so many Stop losses, only to go back and closes where it was, as you can see now we have a possible head and shoulder pattern forming at the structure.
A break and close above the neckline will open the door for us to go and test the high near 1.2265
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>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
@ardyjo2012, A Head and Shoulders pattern, or in this case an Inverted Head and Shoulders. They're among the most important reversal patterns in technical analysis (trading based on charts / price history). :)