The HS was created in the daily chart. However, the RSI gives you the possible signals in the weekly chart more clearly. If we can not overcome the 1.15 in the long term, we will soon see the 1.08 EURUSD.
I think the euro is far more stable than the dollar. But the market participants see it differently.
The conservative old traders among us talk a lot about risk management. They did not want it otherwise, so here's a TA about Risk and Reward. The R / R ratio should always be over 1. The higher the better.
I go one step further. I use the worst-case scenario that can happen at all and look at the R/R ratio. I set the stop to 0! Yes, I work without a stop. No stop...
Here is a little update. Due to lack of participation, I have not yet published the data in the linked thread. (Litecoin real base price 505 USD, more important than any TA)
As you can see, although your trading price has changed, but not the base price. Now is the moment why you should ask yourself this question.
Good luck and happy trading
As long as no human-intended sell-off takes place within an instrument, the TA is a useful tool. It can give us direction and show tendencies. Markets always tend to be led irrationally. This is true in both directions.
However, the planned sell-off has already taken place and we only have to look at the fundamental values in order to invest successfully.