I noticed a HEAD AND SHOULDER pattern on the DAILY timeframe. When moving down to the lower timeframes 1HR to be precise price has formed a correction at a key area , now what's left will be to wait for confirmation and if all conditions are met then i will place my entry. I also took a look at AUD/USD pair which has a positive correlation with EUR/USD and its...
The price broke the channel and retested a major key level with a bearish pin bar on the 4HR time frame.You can see that the market went up and later formed a bearish engulfing candlestick pattern which shows that the bulls have lost momentum.A break on 0.95369 will confirm a sell trade.
