EURUSD having possibility to have two patterns.
one is H&S which i drew with pink color.
If open price has go up a bit this chart pattern would be reliable and therefore we should short EURUSD.
second possibity is formation of inverse H&S.
I drew with white line.
I would not rely on this pattern much as price will be below the pennant which tend to go down.
But if it form inverse H&S i will long EURUSD at the neckline of this pattern.
one is H&S which i drew with pink color.
If open price has go up a bit this chart pattern would be reliable and therefore we should short EURUSD.
second possibity is formation of inverse H&S.
I drew with white line.
I would not rely on this pattern much as price will be below the pennant which tend to go down.
But if it form inverse H&S i will long EURUSD at the neckline of this pattern.