Yanlord Potential Inverted Head and Shoulders Formation

A potential inverted head and shoulders pattern is forming on the hourly chart. A breakout above 1.82 will confirm this formation. If this happens expect more upward moves towards the 1.95 to 2.00 region. However this potential reverse head and shoulders formation will most probably be invalid if a breakdown below 1.65 occurs. Support failure here means a high chance of a retest of 1.55 recent low.