EURUSD Long ... potential H&S failure setting up
After the H&S breakdown and reversal, it now appears that EURUSD is attempting to breakout of the right shoulder of the H&S pattern.
This would effectively mean a H&S failure, a tradeable pattern in its own right.
Putting more weight on the Long side, is the 2.5-year rectangle breakout, which was already confirmed back in July but was stalled by the H&S pattern. This will then mean a possible continuation of the rectangle breakout.
Will watch this one.
This would effectively mean a H&S failure, a tradeable pattern in its own right.
Putting more weight on the Long side, is the 2.5-year rectangle breakout, which was already confirmed back in July but was stalled by the H&S pattern. This will then mean a possible continuation of the rectangle breakout.
Will watch this one.