EURUSD - Sell Idea - Potential Head and Shoulders
EURUSD - 4 Hour Chart
On the 4 hour chart we can see potential for a head and shoulders forming within the 'golden zone' of the fibonacci, between 61.8% and 78.6%.
Will be watching this area for clear confirmations of a reversal before taking the trade. When looking for a take profit or stop loss. Will be targeting the -27% extension for first TP and the -61.8% extension for take profit 2. For the stop loss place it above the previous high.
Remember this is only an idea and in no way constitutes investment advice.
On the 4 hour chart we can see potential for a head and shoulders forming within the 'golden zone' of the fibonacci, between 61.8% and 78.6%.
Will be watching this area for clear confirmations of a reversal before taking the trade. When looking for a take profit or stop loss. Will be targeting the -27% extension for first TP and the -61.8% extension for take profit 2. For the stop loss place it above the previous high.
Remember this is only an idea and in no way constitutes investment advice.
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.