Short "Scalp" opportunity to C leg before reversal to D leg..
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...
This is my prediction of where EG will go and the pattern that it may run..
Pattern completed look for short opportunity
Possible AB=CD completion or a retrace at .786 to continue up trend..
Should be interesting to wait and see if this plays out... TP1 @ 1.51470 (500 plus pip possibility) TP2 @ 1.55694 (950 plus pip possibility) No Signal...