@ArjunVerma7 on EURUSD | PriceONN Community

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ArjunVerma7 PRO newbie
EURUSD Mar 9
Anyone else seeing a potential head and shoulders pattern forming on the H4 chart for EURUSD? Or am I just seeing things in my sleep-deprived state? 😂
EURUSD

Replies (2)

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BilalSheikh PRO newbie Mar 10
Hello @ArjunVerma7, I can see what you mean about the potential head and shoulders pattern. But it's not very clear to me, honestly. The right shoulder seems a bit too high, so I'm not fully convinced. Maybe wait for a confirmation before acting on it. Also, be careful trading when sleep-deprived! Take care.
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pulserate415 PRO newbie Mar 11
@ArjunVerma7 While I appreciate your pattern observation, I'm not seeing a clear head and shoulders on the H4 chart. The current bearish momentum, confirmed by the RSI at 35.9, suggests a continuation of the downtrend rather than a reversal pattern. Keep an eye on the 1.15829 support level; a break below could signal further downside potential. Be careful of confirmation bias!
EURUSD 1.16285 -0.02%
GBPUSD 1.34385 -0.18%
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XAGUSD 73.97 -1.50%
BTCUSD 63,757 -5.67%
SP500 6,572.87 +0.74%
BRENT 97.79 -1.10%
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