EURUSD - H&S on 1W, looking for good entry on trendline retest
147
A nice position/swing potential. A H&S pattern can be seen in the weekly chart targeting all the way to 2015 -17 support zone. 1:1 extension from this wave should take it to TP2 minimum. Green weekly candle could be a restest on the trendline
Even though closed price is at resistance zone, there may be further upside and I don't want to enter against the trend. I'm placing for a small entry below the 0.618 region with tight a SL. If price doesn't reach that high, I'll wait and enter on a confirmation of reversal