Sphinx_Trading

EUR/USD 1/11 new short setup available to target 400 pips

Short
FX:EURUSD   Euro / U.S. Dollar
Here we can see double top pattern very clear on the daily charts and price in the last week of October already broke very strong support area nearly at 1.16000. After breakout we have a clear retest on the downtrend line & zone area, And maybe we have a head and shoulders pattern after retest, It's not a clear pattern but after seeing a new low after the head is formed we can wait for the price to retest again to swing point and also to the same level the left shoulder is formed nearly at 1.16500, Then we can short it to catch at least 400 pips.

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