On EURUSD 4 hour chart, I am looking at a Head & Shoulder Pattern. Last 4 hour red candlestick broke candlestick below the NECKLINE, of chart pattern. Next week, in my opinion appears to BEARISH. RSI is way oversold now at 25 on bottom on chart. I will be waiting for a FIB. RETRACEMENT back up to neckline, then go bearish. This 1st part of trading this coming week will be BULLISH back up to neckline, then continue to drop.
In the very VOLATILE time for rest of 2016, wait for reversal chart patterns on 15 mn or 1 hr time-frames at major support and resistance levels to take longer term trades. This will cut out some or most of NOISE of short term trades, which are harder to predict. Wishing everyone great success in trading, stay patience & look for quality.
In the very VOLATILE time for rest of 2016, wait for reversal chart patterns on 15 mn or 1 hr time-frames at major support and resistance levels to take longer term trades. This will cut out some or most of NOISE of short term trades, which are harder to predict. Wishing everyone great success in trading, stay patience & look for quality.