The sole trouble when it comes to patterns in Forex is The shortage of volume measure that you really need for legitimate head and shoulder designs. That said, my preferred Enjoy After i see an apparent H&S as we do within the chart you described is trading the formation of the proper shoulder which started in April.
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The forex exchange level is the speed at which 1 currency might be exchanged for another. It is always quoted in pairs such as EUR/USD (the Euro and the US Dollar).
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