Daily Price Action

EURUSD 4 Hour Inverse Head and Shoulders?


As a follow up to the bullish pin bar on the daily chart last week, the EURUSD looks to have formed an inverse head and shoulders on the 4 hour chart.

When combined with price action trading strategies, formations such as the inverse head and shoulders can add conviction to a probable outcome.

The 1.3724 level looks to be the level to break (and close above) to give validity to the pattern. This is important… no pattern should be considered valid without confirmation.

eurusd inverse head and shoulders

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