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Novi_Fibonacci

Head and Shoulders - EU

Short
Euro / Dollar Américain (FX:EURUSD)  
Novi_Fibonacci  
FX:EURUSD   Euro / Dollar Américain
Head and Shoulders Support and Resistance Forex EURUSD pattern Technical Analysis
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headandshoulders supportandresistance forex eurusd pattern technicalanalysis
Here I have EUR/USD on the 30 Min Chart!

We have 3 sets of Highs in the shape of what looks to be a Head and Shoulders on top of the Support or "Neckline"!

Price has been traveling up so we may be getting a Reversal here now!

**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!

-Pattern Prediction-
If Price Breaks and Closes above 1.09945, Pattern INVALIDATED!
If Price Breaks and Closes below 1.09725, Pattern is CONFIRMED and will initiate my Trade Action Plan!

Idées en relation

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Elliot Correction Wave?! - UJ
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Head and Shoulders - GU
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Pennant - AJ
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Bearish Sequence (Descending Triangle) - EJ
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