Euro / US-DollarShort
EUR/USD Head and shoulders pattern?
Aktualisiert
As I expected, the head and shoulders pattern formed
And the right shoulder is almost complete
With the formation of the right shoulder, we had the pullback
But it seems that the price will be in the range for a while in less than daily time frames
And I expect the bearish trend to continue after this pullback
However, after the support break in this pattern, we will have a pullback again
On the monthly time frame, in the strong resistance zone, and on the MA20, the price is Range
In the weekly time frame, LH has formed and it seems that the price has a tendency to break the bottom of the triangle
In the daily time frame, a pin bar candle is formed and the price is on a strong resistance
And MA20, 50, 100, 200 resistors are matched
* Be profitable
Thank you for expressing your opinion with likes and comments
And the right shoulder is almost complete
With the formation of the right shoulder, we had the pullback
But it seems that the price will be in the range for a while in less than daily time frames
And I expect the bearish trend to continue after this pullback
However, after the support break in this pattern, we will have a pullback again
On the monthly time frame, in the strong resistance zone, and on the MA20, the price is Range
In the weekly time frame, LH has formed and it seems that the price has a tendency to break the bottom of the triangle
In the daily time frame, a pin bar candle is formed and the price is on a strong resistance
And MA20, 50, 100, 200 resistors are matched
* Be profitable
Thank you for expressing your opinion with likes and comments
Anmerkung
In the 4H time frame, the price is on the strong resistance of MV200Watch out for American news
The price may have a sharp move in both directions at the time of the news
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Trade ist aktiv
Trade ist aktiv
Anmerkung
Fb 0.382 (1.0709)Fb 0.5 (1.0745)
Fb 0.618 (1.0775)
Anmerkung
Given the strong resistance at the 1.068-1.069 level, the price is in rangeAnd it probably forms a triangle pattern
If the price breaks 1.0691, I expect to hit Fb levels
However, I expect correction at every level
And I am waiting for confirmation to open the position
I don't see a bearish signal on the daily and 4H time frames
* But be sure to put a stop loss
Good Luck
Trade ist aktiv
Anmerkung
Fb 0.382 (1.07087) ...Target reachedFrom each of the following levels, the price may be reduced
Fb 0.5 (1.07418)
Fb 0.618 (1.07749)
*Don't forget the stop loss and change it with the price movement
Trade ist aktiv
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