TradingwithL

EUR/USD - HEAD AND SHOULDERS 1Hour time frame

Short
OANDA:EURUSD   Euro / U.S. Dollar
Hi all,
Here we have a chart pattern on the 1Hour time frame of a head and shoulders , looks like the bull run is coming to an end and a good position to enter when the neckline is broke.

Trade safe

L

Comments

USD news today were worse than expected.. what do u think its going to play now?
Reply
TradingwithL solemnFalcon26764
@solemnFalcon26764, I'm not a financial expert, I've only been trading a few month of chart analysis and watching a certain few traders. Maybe give it a few days, next week maybe just to see which way the market goes give it time to react, what's your opinion?
Reply
Hey, great chart!

Good job identifying the key levels. Try moving up to the 4h and see if you can find any obvious key levels where price reacted.

I find that the 4h 50EMA holds more value than the 1H..

Let me know how you get on 👍🏼
Reply
TradingwithL Wicktator
@Wicktator, thank you, will definitely take this on board 👌👍
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