Hello Traders todays chart is eur/usd with a potential bearish pattern forming. As you can see a head and shoulders formation has been identified . An accumulation of higher highs and higher lows was broken by forming new lower lows , after the bullish trend was broken as the blue arrow shows.
Now that the over extended lower low has been created i will now be waiting for the retracement / pull back to the neck line of the head and shoulders to complete the pattern for potential further downside.
Now that the over extended lower low has been created i will now be waiting for the retracement / pull back to the neck line of the head and shoulders to complete the pattern for potential further downside.