Hello traders:
Finally we are seeing the bearish price action that I am waiting for patiently in EURUSD.
We can see price corrects itself up within the ascending channel structure, and broke the previous highs to form a double tops.
Price broke the highs, and had a LTF reversal impulse down, broke out of the ascending channel correction.
Then a quick pullback correction to complete this right shoulder of the H and S pattern.
That would be the confirmation bearish price action to look for the sell down to the previous lows for a healthy R;R.
Thank you
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Disclaimer
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.