Ahead and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A “neckline” is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or down. Source (www.babypips.com/lea...x/head-and-shoulders)
-------------------------------EURUSD----------------
Hello,
After the market hit support of wedge, we can notice the EURUSD dollars keep go up and give us a feel this bullish is strong.
According to my technical analysis, the EURUSD is building head and shoulders patterns that will break the wedge we are built for a few months.
So, I will recommend looking for a long position during those next days until we reach the resistance of wedge.
-------------------------------EURUSD----------------
Hello,
After the market hit support of wedge, we can notice the EURUSD dollars keep go up and give us a feel this bullish is strong.
According to my technical analysis, the EURUSD is building head and shoulders patterns that will break the wedge we are built for a few months.
So, I will recommend looking for a long position during those next days until we reach the resistance of wedge.
