Hello Crypto-Traders/Analysts, BTCUSD has created an inverted Head and Shoulders formation lately; it is a bullish-reversal price pattern. However, the pattern has been violated recently by the price falling below the right-shoulder's level (intra-daily). As a result neither the inverted pattern, nor its failure, have been confirmed yet. That being said, i am...
EU main trend is up and made h&s pattern that failed - many entered short but price moved up against them . Yellow zones of confluence marked on the chart , there i'll try to buy the lows with falsebreaks/reversal patterns. Everything is on the chart... Best of luck :-)
After the big up trend this pair formed big H&S pattern but it looks like it failed to continue down. After It failed it actually created a bullish smaller h&s pattern . Now It looks like this failure is driving the price up to the 150 zone and 150.5 also looks reasonable for me . Everything is on the chart... Best of luck:-)