Avril_Forex

EUR/USD Formation of head and shoulders pattern?!

FX:EURUSD   Euro / U.S. Dollar
Hello friends

On Wednesday we had a lot of exciting deals related to US news

for the following reasons:

- A pin bar candle was formed on the weekly time frame
- In the daily time frame, the price hit MA20 and RSI is still below 50
- In the 4H time frame, the price hit MA100 and formed a pinbar candle
And ....

I expect a downward movement and then a reversal
And I give the probability of forming a head and shoulders pattern

The price is still in the range zone
And I definitely wait for confirmation to enter into any transaction

be profitable

Thank you for expressing your opinion with likes and comments

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