murcia0161

Not so much an idea, more of something to watch!

OANDA:EURUSD   Euro / U.S. Dollar
Possible head and shoulders forming on EU On the 4H timeframe. As we can see price is currently, without certainty however - wanting time form the right shoulder of the pattern. We can see the 2 moving averages in an indecisive position, however still in a position to cross or be crossed.
Just monitor this one guys on market open. I try to not trade on Mondays as it is prone to fakeouts. If you trade what you see, you see what you trade!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.