The bulls missed the beat :-) The didn`t use the H&S pattern ...now the pattern is history...
we saw a fast dip down to 1.3078. This Level was bought directly, a countermove up to the Minimum correction Level, the 38,2 fibo started. Here the Price dropped again. This is not really a bullish Szenario. Should the pair not trade above the fibos 1.31589/ 1.31835/ 1.32082 ´the shortterm Chart seems to be in a bearish mood.
Especially Prices below 1.306 are strong bearish
we saw a fast dip down to 1.3078. This Level was bought directly, a countermove up to the Minimum correction Level, the 38,2 fibo started. Here the Price dropped again. This is not really a bullish Szenario. Should the pair not trade above the fibos 1.31589/ 1.31835/ 1.32082 ´the shortterm Chart seems to be in a bearish mood.
Especially Prices below 1.306 are strong bearish
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Kissed exactly the 38,2 - sold again....let´s see
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I need some COMMENTS!!!!!
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last but not least: here is the exspected trendbreak