Hi, there is inverse head&shoulder pattern forming on eurusd. Breakout above 1,18 (large volume preferable), confirmation above 1,185, target 1,205.
Volume is typical - greatest on head to right shoulder, than on the left shoulder and lowest on right shoulder. Only think i dont like is that is forming almost from the high, would be better if instrument was at first falling and than after some time inverse h&s started to form
Volume is typical - greatest on head to right shoulder, than on the left shoulder and lowest on right shoulder. Only think i dont like is that is forming almost from the high, would be better if instrument was at first falling and than after some time inverse h&s started to form
Note
ee ThingNote
Pattern confirmed
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.