@sophietaylor71 on EURUSD | PriceONN Community
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Anyone else seeing a potential inverse head and shoulders on the 1H chart for EURUSD? I know it's a bit noisy with all the news, but the structure looks promising for a short-term bounce back to maybe 1.1550 or even 1.16 if we get some good momentum. Let me know what you think.
Replies
Sophie, inverse H&S on 1H? Maybe, but I'm not buying that noise. Price is just choppy right now, around that 1.16 level. I'd rather see a clear break above 1.1630 with some serious volume, maybe a big order block gets tapped on the 15-min chart, then I'd consider going long. Otherwise, it's just guessing. You need more than a pattern to risk your capital, especially with this much volatility. I'm staying out unless there's a massive displacement candle showing intent.