Possible head and shoulders formation

Looking at the chart I can see possible bearish head and shoulders formation. Early to say, but it looks like current 4h candle might end with "evening star" which would confirm top of the right should at the place. I will take this trade aggressively and will enter now rather than waiting for neckline breakdown.

Parameters:
Entry: two lots at 0.9404
Profit targets: 1st - 0.9302 ; 2nd - 0.9170
Stop loss: 0.9434

Kommentar:

Trade doesn't look very healthy. However I still believe we should get closer to first target, however I doubt it about second target. Can be reasonable to close trade now or move stop loss to break even and start looking for long trade opportunity. On daily chart there are signs or inverted head and shoulders building up.