Two patterns can now be seen on the EUR\USD, both suggesting bearish trend.
First on is the Ascending Wedge which is a reversal pattern - price has already broken its support line. Second pattern is the Head & Shoulders, which is a bit dis-proportioned in the EUR\USD. It is the classic and strongest reversal patterns.
Enter short after breakout of the support level at 1.4620, or at the pullback to this level. Target is 220 pips from pullback location.
Analysis and Chart Pattern Trading:
EUR\USD Wedge + Head & Shoulders | ChartSecret.com