Possible head and shoulders forming
For a long time I've been Bear-biased on EURUSD, but it seems that we might just have a head and shoulder forming within the triangle.
Possible trading options would be to buy low @ 1.16500 or sell high @ 1.19000. Both require patience and a good entry point.
For the buy:
TP1: 1.17600
TP2: 1.19500
SL: 1.15700
For the sell:
TP1: 1.17600
TP2: 1.15000
SL: 1.19500
Possible trading options would be to buy low @ 1.16500 or sell high @ 1.19000. Both require patience and a good entry point.
For the buy:
TP1: 1.17600
TP2: 1.19500
SL: 1.15700
For the sell:
TP1: 1.17600
TP2: 1.15000
SL: 1.19500
Comentarios:
Scenario #2:
Large movement, long term, completion of overall head and shoulders pattern.
Large movement, long term, completion of overall head and shoulders pattern.
Comentarios:
Either way, I believe we can expect price action towards 1.17600.
NFP day tomorrow might just catalyze the whole process.
NFP day tomorrow might just catalyze the whole process.
Comentarios:
38.2 Fibo line not broken. Scenario #1 more possible
Comentarios:
1.17660 reached. Bearish movement inbound if the market plays along.
Comentarios:
Bearish movement confirmed.
Comentarios:
Nice quick 40 pip downwards move from EURUSD. Looks like the currency is right on track for the head and shoulders. Next-up; Draghi speaks.
Comentarios:
Very decent 100 pip move down to the support level.
Comentarios:
Price currently testing old support/new resistance,
Two possible scenarios to follow:
Two possible scenarios to follow:
Operación activa:
Operación cerrada: objetivo alcanzado:
First target reached! Confirmation of first shoulder.
Small movement, short term, ranging downwards.