When I first started trading, I loved the idea of chart formations like H&S. I mostly gave them up after I noticed that they only seem to be predictive when their form is near perfect and when the pattern has been formed completely. For this one to work, price would have to drop quickly to ~1.1610 and then form the right shoulder. Perhaps it will!
Max_Dg
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@Ucsc14 thanks. At this chart we have supports resistance and channel. Altogether I guess it is correct.