@matthewgarcia81 on EURUSD | PriceONN Community
M
I'm curious what others think about the potential for a head and shoulders pattern forming on the H4 chart for EURUSD. The left shoulder seems to be around 1.1660, the head near 1.1680, and now potentially a right shoulder forming around the current price level. If it completes, a break below the neckline (approximately 1.1620) could signal a significant bearish move. Has anyone else been watching this? What are your thoughts on the validity of this pattern given the current market conditions and the RSI hovering around 50?