EURUSD Possible Play
The purple downtrend arrow represents a possible H & S completion to support for retrace pattern only if it breaks trend line. If trend line is respected (yellow circle).. then red arrow represents uptrend to major bearish trend line for possible 3rd touch..
If that is completed look for EU to reverse to bearish trend for possible 400 pip short opportunity to retrace back off the bullish trend line.
Its a lot of IF=THEN.. but lets l see how it plays out...
If that is completed look for EU to reverse to bearish trend for possible 400 pip short opportunity to retrace back off the bullish trend line.
Its a lot of IF=THEN.. but lets l see how it plays out...
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