Nice potential H&S pattern lining up on 1HR. Need a break and retest of the neckline to confirm.
Would look to short on the neckline break and retest using a fib extension 1.272 target.
Could easily be a 2:1 RR depending on your stop placement.
MACD Divergence
Wave 5 completion (depends how you read the count)
Good RR
Clear H&S Pattern
In the H1 timeframe. Euro see bearish pressure right now, so, the price is broke down the bullish channel and we hope a drop of 1.02%, that is 120 pips of profit!!!
Lookin in Daily, the expectative is so bearish.
And in H4 timeframe, I want to share you any thing. We see a bullish BAT, we see in this formation of this harmonic pattern, it's a great...
Its not a double top untill reach my target! But the price failed in the creation of the new high and we can see a good reversal here.
We also have this very strong bearish candle as a confirmation, a shooting star candle and a triple candle formation Evening star 📉📉🙌⏳
