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EURUSD Watch Bearish Price Action For Sell
Euro / U.S. Dollar
Short
EURUSD Watch Bearish Price Action For Sell
By jojofang0901
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Updated
May 5, 2021
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May 4, 2021
Hello traders:
Finally we are seeing the bearish price action that I am waiting for patiently in EURUSD.
We can see price corrects itself up within the ascending channel structure, and broke the previous highs to form a double tops.
Price broke the highs, and had a LTF reversal impulse down, broke out of the ascending channel correction.
Then a quick pullback correction to complete this right shoulder of the H and S pattern.
That would be the confirmation bearish price action to look for the sell down to the previous lows for a healthy R;R.
Thank you
May 5, 2021
Comment
Chart Patterns
correction
Double Top or Bottom
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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