skydansh

Good example of H&S pattern

OANDA:EURUSD   Euro / U.S. Dollar
H&S pattern is forme and the price could pass the neckline (yellow line) and clearly pulling back to the line.
on the other hand horizontal zone (green zone) is actually intersected with the neckline and made the circle zone on which we should keep our eyes as our entry point.
If the price can stabilize above the yellow line in daily timeframe, this analysis would be invalid.

the best confirmation for this analysis is the 4H time frame.

be patient.
Goodluck...
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