EUR/USD en route to 1.23 ?
Updated
Hi guys,
The rejection of this H1 candle and at this level (1.24) tends to suggest that the right shoulder is about to end, favouring downside momentum for the pair and thus validating a nice ascending H&S pattern.
Should the neckline break (which I think will), the pair will likely re-test 1.23 and potentially could go lower.
My new target (and probably final one before we see a bounce) is 1.23.
Any sustainable move above 1.24 will invalidate this scenario.
Any like /comment is highly appreciated.
Best,
Jesse
The rejection of this H1 candle and at this level (1.24) tends to suggest that the right shoulder is about to end, favouring downside momentum for the pair and thus validating a nice ascending H&S pattern.
Should the neckline break (which I think will), the pair will likely re-test 1.23 and potentially could go lower.
My new target (and probably final one before we see a bounce) is 1.23.
Any sustainable move above 1.24 will invalidate this scenario.
Any like /comment is highly appreciated.
Best,
Jesse
Comment
Neckline about to be tested, let's hope not for too long.....Comment
Ideally, I want to see now, in terms of volume, a spike as soon as the trendline is clearly broken. This will be an extra confirmation.Comment
Shorting any pullback hereComment
This pair is so tiring *sigh*Comment
Ok it’s time to come down again! Currently trading at 61.8 fib retracement from this morning’s topComment
Comment
Comment
Interesting to notice these kinds of "holes" located at left shoulder, head and right shoulder. These holes are in fact ranging moments between high volumes. We have the impulse (high volume), the correction (low volume) and the impulse (high volume) .
Comment
Neckline about to break on high and increasing sell volume Comment
ok guys, the game is becoming serious now. Expecting the pair to fall hard from here
Comment
PB looks to be over, time to go back down again Comment
The pair is pulling back and forming a parallel channel. Will go down again once it breaks itComment
PB is over
Comment
For those of you who are closely watching my anaslysis, this is an important and interesting point: The neckline has been successfully tested and rejected. It was part of the pullback
Comment
FIBO TARGETS; WATCH THEM CLOSELY GUYS I am off for the weekend ;-) enjoy it and take care! See you next week for more pips.
My best,
Jesse
Trade closed: target reached
BOOOOM Target reached, nearly 100 pips since my call of yesterday. I hope you guys nailed it and made lots of profits!
Take care!
Jesse
Comment
Just wanted to show you how prices stopped at fib level as mentioned in my previous post. This is the beauty of trading! It looks like the pair is not holding and will probably going to test the next support level (fib one). But I'm off the game, enjoying sunny Switzerland and its lake :-)
Bye everyone
Comment
Pretty funny how all the longs and analysts saying it would go to 1.25 are muteRelated publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.