EURUSD Watch Bearish Price Action For Sell

4 mai 2021

Hello traders:

Finally we are seeing the bearish price action that I am waiting for patiently in EURUSD.

We can see price corrects itself up within the ascending channel structure, and broke the previous highs to form a double tops.

Price broke the highs, and had a LTF reversal impulse down, broke out of the ascending channel correction.

Then a quick pullback correction to complete this right shoulder of the H and S pattern.

That would be the confirmation bearish price action to look for the sell down to the previous lows for a healthy R;R.

Thank you

5 mai 2021

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