simple trading
After a form of a teacup, a false break out stopped us in profit. Moving into last year (Dec) we see the market create a head and the market completed the right shoulder last week.
EU has created a potential SELL position by retesting the previous resistance level. (1.0910-1.0892)
If the price manages to hold. Watch for bearish candles to form for look-to-sell opportunities. This is the entry-level to the massive HEAD AND SHOULDERS for a 200+ pip drop.
After a form of a teacup, a false break out stopped us in profit. Moving into last year (Dec) we see the market create a head and the market completed the right shoulder last week.
EU has created a potential SELL position by retesting the previous resistance level. (1.0910-1.0892)
If the price manages to hold. Watch for bearish candles to form for look-to-sell opportunities. This is the entry-level to the massive HEAD AND SHOULDERS for a 200+ pip drop.
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.
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.