Inverse H&S pattern forming on EURUSD

22 בינו׳ 2018

Looking at EURUSD, an inverse head and shoulder pattern is forming and I will look to add long on the break of the neckline. I have been seeing many people wanting to short this pair which gives me more bullish bias. Would like to see a break of 1.2280 level and I will add longs from there. Stops are below this consolidation at a safe 1.2150. Looking for 1.25 and higher if sentiment stays on my side.