EURUSD setting up for a nice head and shoulders formation.
Possible sell at right tip.
Indicators:
1. Pair is overbought, Weekly RSI in strong sell zone.
2. Bulls have not been making strong movements for almost 2 weeks now.
Entry
1. Break of neckline below 1.1700 (my personal preference).
2. Right shoulder tip @ 1.1900 (past resistance)
3. Current price area of 1.1840 (aggressive entry)
I'd advise short stop losses above the "head" about 20-40 pips as this trade is volatile.
TP @ neckline around 1.1700 area
Good luck trading! Please help like these free analysis as others will benefit from seeing them as well.
Let me know how I can help.
Charles V
cvfxmanagement.com
Trading made Simple
August @ 11%
Possible sell at right tip.
Indicators:
1. Pair is overbought, Weekly RSI in strong sell zone.
2. Bulls have not been making strong movements for almost 2 weeks now.
Entry
1. Break of neckline below 1.1700 (my personal preference).
2. Right shoulder tip @ 1.1900 (past resistance)
3. Current price area of 1.1840 (aggressive entry)
I'd advise short stop losses above the "head" about 20-40 pips as this trade is volatile.
TP @ neckline around 1.1700 area
Good luck trading! Please help like these free analysis as others will benefit from seeing them as well.
Let me know how I can help.
Charles V
cvfxmanagement.com
Trading made Simple
August @ 11%
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.