mytw0cents

EURUSD UPDATE H&S

Short
mytw0cents Updated   
FX:EURUSD   Euro / U.S. Dollar
Hi all

EURUSD has been trending sharply for four months, from 0.953 to 1.103, so I'm still looking for a 50% retracement.

After a strong 5 day bearish trend, I see a head and shoulders pattern in the 1 hour chart. So, as long as the eurusd does not pass and close above the head, I believe it will remain in a bearish trend.

My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.

Like and subscribe and happy trading to all. cheers
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