In our last analysis we were expecting EURUSD to approach the right shoulder. We are now very near to entry and the confirmation of the head and shoulder pattern.
Watch for bearish price action near the right shoulder and a break of the ascending trendline on the smaller timeframe.
Entry:
Break of ascending trendline
Stoploss placement: above recent high
See links below for more information and smaller timeframe analysis.
Goodluck and trade safe!
Watch for bearish price action near the right shoulder and a break of the ascending trendline on the smaller timeframe.
Entry:
Break of ascending trendline
Stoploss placement: above recent high
See links below for more information and smaller timeframe analysis.
Goodluck and trade safe!
Comment:
Update
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