EURUSD - H&S FORMING? - POTENTIAL SHORT SETUP
EURUSD seems to be constructing a very nice head and shoulders pattern, the market in general is biased to the downside which is why I believe this pair will eventually hit 1.475-1.15.
The trend on the 4hr TF is still in tact so we may get a retest of this level before making a move south, my stops are set accordingly if this pair decides to rally.
We hit 78.6 (1.168) on our fib level and have began retracing back, this is not to say price will definitely come back down but does support the thesis of a continued downtrend.
The trend on the 4hr TF is still in tact so we may get a retest of this level before making a move south, my stops are set accordingly if this pair decides to rally.
We hit 78.6 (1.168) on our fib level and have began retracing back, this is not to say price will definitely come back down but does support the thesis of a continued downtrend.
Transaction en cours
Sell stop order triggered. Target 1.153Note
I have noticed that we could also form a double top, my stop loss is at 1.1725, tp is the same.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.