Euro / U.S. Dollar

Short

head and shoulders pattern on euro dollar

By VasilyTrader

Updated

snapshot

hey guys,

on euro dollar on a 4h chart we have a nice completed bearish abcd pattern.
as the market touched 1.137 level we see an immediate rejection.

snapshot

now, the market may potentially go even lower.
I will be waiting for a bearish violation of a neckline for a confirmation.
1.1285 is the initial target for this trade, however, you can base it on the market low.

good luck

Comment

update for a pattern

snapshot

Comment

Still in consolation

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