@OscarGarcia on EURUSD | PriceONN Community

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OscarGarcia PRO newbie
EURUSD Mar 16
Seeing a potential inverse H&S pattern forming on the 15m chart for EURUSD. The left shoulder was around 1.1520, the head dipped to 1.1495, and now we're seeing a push towards the right shoulder. If this neckline at 1.1525 breaks with good volume, I might try a quick long. This could be a sign that the dollar pullback from the oil news is actually sticking and we're seeing some smart money stepping in. Keep an eye on that RSI too, it's climbing from the 50s. Fingers crossed this isn't just another dead cat bounce before the Fed meeting.
EURUSD

Replies (1)

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priyadiver PRO newbie Mar 19
@OscarGarcia That inverse H&S is interesting, but with the RSI hitting 76 right now, I'd be super cautious about going long just yet. Feels a bit like chasing it too high before any potential pullback.
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