Dear Friends, Shoulder Head SHoulder formation is still valid. when i was checking, i also noticed the bat pattern on it. so C leg will also be the right shoulder so these 2 formations are actually supporting each other. After S-H-S formation, we expect a down so do for D leg of the pattern. for both of them, we expect lower 109. now, a small long, and then short...
On my previous chart, I have mentioned a pennant and targetted 109,4 ish. it is still valid.
However, if we see a rise on the pair, the pair may start forming shoulder head shoulder pattern. so we will check for 110,3xx to drop. if down begins, the new target will be 108,8xxish. good luck.
In my previous chart, i menationed a bearish pennant, and i expect 109,4 ish. if uj continues to drop, we will continue this plan, if we see an up again, we may go throuh shoulder head shoulder setup. then our target is below 109. lets see which will work. good luck.