EURUSD

1 mai 2020

This is not a call out - this is a question. Are we seeing a 4 hour H&S being formed? Thus meaning the next wave is down towards the demand zone below? is this a double top? or will price continue and create a double top above (160 pips above)


Let's start a discussion - who is bullish and who is bearish?

Let me know your thoughts!!!


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

7 mai 2020

Note

Taking the right shoulder down to the Gann level could also be a potential option here.