@ArjunVerma7 on EURUSD | PriceONN Community

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.

@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!