EUR/USD 4HR Head & Shoulders Breakout. Closure Below Trendline.
Great opportunity here to get into a EUR/USD Short on the 4HR. We saw this obvious Head and shoulders formation on the 4HR followed by a huge engulfing candle the downside to take out the neckline and close below the previous trendline to confirm potentionally that this was a false breakout. I have personally entered the trade but please do your own research before entering any trades. Strong downside potential with this trade.