eagle21

WILL THIS KEY STRUCTURE LEVEL HOLD ?

FX:EURUSD   Euro / USA-dollar
This pair is at a tricky structure level. In the bigger picture we have a complete Head & Shoulder pattern which is very strong for the bullish side yet in lower time frames we also see two Harmonic patterns (Butterfly and Shark 2) which are powerful entry cases on a bearish perspective. If this level is broken we will see strong bullish move however if it holds then these harmonic patterns will push price action down for a retest of the right shoulder and a waterfall drop to the Head. these are only my observations but also good decision points for entries... Cheers traders
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