eurusd H&S pattern formation
Updated
This is an early stage of the possible trend reversal pattern head and shoulder, the key price is at 1.04970, where long possitions can be taken on the 4 hour chart. Please care to keep a reward risk ratio that is greater than 1:1.
Comment
so far so good, the set up is moving as anticipated, our anticipated stop is tp1 then tp2.... more entries can be taken as we close above the 1.06500... the risk reward to be set accordingly. 1;1 or greater.Comment
tp1 has been hit, now next stop should be tp2
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