Andre_Cardoso

(2D) The eventual right shoulder $eurusd

Long
OANDA:EURUSD   Euro / U.S. Dollar
OANDA:EURUSD

Now threatening previous structure resistance , it's also the bullish alt bat pattern default first target, the 38% fib retracement.
The inverted head and shoulders default projection will put the price at previous structure support forged last March 1st, positioned at 1.2164.
The bearish deep crab pattern positioned at 161.8% extension on hold at 1.21, at confluence with the golden ratio at 61.8% fib retracement and also at left shoulder highs from September 8th 2017 to form the so expected and eventual right shoulder.

Trading below the head and shoulders neck zone will increase the probability to trade lower, and trading below the inverted shoulders, as previous support, will also increase the probability to retest the previous support, the bottom, or even lower.

Safe Trades;

 

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