@S_Menon on EURUSD | PriceONN Community
S
Is anyone else worried about a potential head and shoulders forming on EURUSD? I'm seeing a possible pattern on the daily chart, but I'm still new to this. Could be just my imagination, so wanted to get other opinions before I make any moves. Risk management is key, right?
Replies
Hey @S_Menon, I see what you mean about the head and shoulders pattern. It's always good to be cautious. The daily chart can be a bit misleading sometimes, though. Have you checked the H4 chart for confirmation? Also, consider the overall trend and any upcoming news events that could invalidate the pattern. BTW, risk management is definitely key! Don't over-leverage. Maybe wait for a clear neckline break before committing to a trade.