Head and Shoulders on EURUSD
Updated
Possible short idea here, with a head and shoulders coupled with a right shoulder 618% retracement with two bearish 4h pin bars. Also we are on a resistance line here, that might support a bearish move. Possible to get a good RR on this one.
Market is volatile so anything might happen, but hopefully we will get a nice clean move down to the red line (50%line). Deal your risk first and focus on the profits after, it will come!
Happy Trading :)
"What you see in front of you is what you see in your head"
-S
Market is volatile so anything might happen, but hopefully we will get a nice clean move down to the red line (50%line). Deal your risk first and focus on the profits after, it will come!
Happy Trading :)
"What you see in front of you is what you see in your head"
-S
Note
We get some kind of movement going on to the lower side, on the lower time frame it becomes better visible this is a support line, we need to exercise caution, breakout not yet a full one.
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