Wouldn’t it be great if you could just go back an erase the perverse price action that wrecks otherwise perfectly good chart patterns?
Just ignore that yellow highlighted part on the hourly EUR/USD chart and you have a head-and-shoulders top playing out. The measured move objective is 1.3863….Will it work? Bests me, but I’d be inclined to fade rebounds toward 1.4070, yesterday’s low and the broken uptrend, now at 1.4095. Pull the plug if prices get much above the 1.4100…
