Possible Head and Shoulders forming on the WEEKLY???

After stalking this pair for the past months and the movement she has made, i think she is coming together to form the last shoulder of the H&S pattern on the weekly time frame. This week itself is a very important week on depending where this pair will end up closing at the end of the week as she has already dropped onto key zones. EURUSD just crossed a MONTHLY Fibonacci line 78.60% (1.15995) and looking on the weekly we could see a potential reversal back to the upside if this pair closes THIS WEEK above 78.60% on the monthly or price 1.15595 (LONG) . If this ends up happening i do see the pair going back up and hitting around 1.2080 which is the 78.60% WEEKLY FIB BEFORE GOING SHORT on this pair for a while. I do see EURUSD breaking into MULTI YEAR LOWS into 2019. Thank you and if any questions feel free to ask me on Twitter @OhThatsGreg !

Commentaire:

This setup is still going good and underway.