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The_Cannalyst
20. Okt. 2017 12:07

Bearish H&S or trend continuation? 

Euro Fx/U.S. DollarFXCM

Beschreibung

Since August, a possible bearish H&S apears. This H&S would be triggered with Prices < 1.17. --> Min TP: 1.15 (38,2 fibo) / max TP: 1,1323 (0,5 fibo)
The are between 1,17-1.187 seems to be neutral for me.
I see a shortterm Long opportunity with Prices > 1.19 - here the H&S isn`t anymore.
--> TP could be 1.2010, trading above that Level could accelerate the upwave (perhaps up to 1.23)
Cheers

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Initial view:

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don`t be so shy guys..what`s your view/opinion?

Trade ist aktiv

H&S active

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ugly downflag

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eurusd direct at the flag Trigger

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After the trendbreak we have seen a little sell off...now the pair kissed the EMA 200, the RSI turned green! Is this an anticyclical shortterm long chance?
Kommentare
andras1229
hi Mary,i am waiting for the turn too
TAJIR_B
waiting for that retest :)
mkandy
Hi MarJane,
Any update on eur/usd?
epalazzo
Thank you. Following closely and please update it as frequently as you see necessary.
fxrandal
Hi, thank you for your analysis! Do you hold trades over a weekend?
robertsonb
Great Analysis Mary. Tks.
mkandy
Hi Mary Jane,

Can you suggest me safe stop loss for shorts (time period of 3-6 months holding period)
The_Cannalyst
@mkandy, for mid/shhortterm trades 1,19 is thinkable / for the long run the 1,21
mkandy
@Maryjane, Thanks for your prompt reply :-) Appreciate your efforts..
l.bcd
Thanks for sharing !
very clever
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