EUR/USD has formed a beautiful Inverted Head & Shoulders Pattern on the 4Hr Chart
*Prior to this analysis, I charted EUR/USD in a Bullish Channel which favors an Inverted Head & Shoulders pattern here!
-Inverted Head & Shoulders is a reversal pattern where unlike its counter-part, this pattern is looking to go BULLISH!!
Price is currently at the "Neckline" of the Pattern, so what I'm anticipating is for price to give us that Bullish break above to continue higher!!
*Prior to this analysis, I charted EUR/USD in a Bullish Channel which favors an Inverted Head & Shoulders pattern here!
-Inverted Head & Shoulders is a reversal pattern where unlike its counter-part, this pattern is looking to go BULLISH!!
Price is currently at the "Neckline" of the Pattern, so what I'm anticipating is for price to give us that Bullish break above to continue higher!!
Comment:
I believe we are getting the break we have been looking for to validate this pattern!! Now to wait for the close and possible retest!
