FX:EURUSD   Euro / U.S. Dollar
Let me first make it clear that I am a 15 year old with little experience, do not trade with a live account and I'm a beginner just looking for advice and feedback. But does this look like an inverted head and shoulders on EUR/USD? If it is; would it be a good idea to go long and take profit around the 1.2 area which has been a key level in the past?



yea, it's more like inverted H & S. However, you dont trade it as such. let it break out of its neckline, retest the neckline, wait for a bullish candle on your first time frame depending on you trading style, and enter on M15 where price retraces and gives you a bullish candle
+2 Reply
iyaffa RDiamondP
@RDiamondP, Thanks!