EURUSD has attempted to break the strong 1.1400 whole number resistance level multiple times but failed.
Price has now formed a head and shoulders pattern (reversal pattern) after breaking an uptrend line and rejecting the resistance.
A break below the neckline would confirm the head and shoulders pattern, and we would look for short opportunities on the retest of the neckline targeting around 1.1100.
I generally scalp EURUSD on the 15m everyday, and was able to enter a short position at the top of the right shoulder on the close of a bearish pinbar .
Currently running at over 2.5% risk free
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Price has now formed a head and shoulders pattern (reversal pattern) after breaking an uptrend line and rejecting the resistance.
A break below the neckline would confirm the head and shoulders pattern, and we would look for short opportunities on the retest of the neckline targeting around 1.1100.
I generally scalp EURUSD on the 15m everyday, and was able to enter a short position at the top of the right shoulder on the close of a bearish pinbar .
Currently running at over 2.5% risk free
Follow us for more analysis and educational content