Some advice for trading EN...?
Or in general regarding H&S patterns?
Well regarding the EN it loves Big Figure Psyche levels... It reached its high (on your H&S pattern) at 1.57 and then turned around...and who woulda thought it but the rally to 1.57 was started from 1.555 (which it wicked twice as well...)
In terms of H&S patterns I think if you apply MO's cone and pennant formations at these extreme levels, you not only get the confirmation that you are looking for a whole lot faster, but you also get your entries a lot faster than selling say the breakout...
the red arrows show how to draw the cone and pennant angles and then later it shows where you 'can' place them in order to help you trade off of an extreme...
The IF/THEN line say that IF price closes over this line on a higher time frame chart.... THEN I am wrong...