EURUSD - Can Head & Shoulder - Become Bullish ? 1.1250 - 1.1800
Updated
We all know Head and Shoulder (H & S) is a classic pattern which activates only below the neckline & neckline low is recent low of 1.1215
So why not take advantage of buying the pattern if it holds above 1.1250 level & any opportunity between 1.1265 - 1.1275 should be seen as good risk reward trade in next few weeks if it holds above 1.1250 mark.
Upside Target - 1.1800 - No long trades below 1.1250 mark.
So why not take advantage of buying the pattern if it holds above 1.1250 level & any opportunity between 1.1265 - 1.1275 should be seen as good risk reward trade in next few weeks if it holds above 1.1250 mark.
Upside Target - 1.1800 - No long trades below 1.1250 mark.
Trade active
23:01 Hrs 14th Nov 2018Last Price@1.1312
Short Term - Pair looks to fall from current levels of 1.1312 taking it below 1.1300 -travelling close to 1.1265- 1.1275 zone where we are planning to buy or go long -keeping an eye that it should not move below 1.1250 mark
As going below 1.1250 - This setup gets invalidated or little risky.
Trade active
06:25 Hrs 15th Nov 2018Last Price@1.1317
Small fall from 1.1312 to 1.1276 - Did you pick as suggested last time at 1.1312
Trade active
19:49 Hrs 15th Nov 2018Last Price @1.1301
Trading Plan - A
Twice Hitting The Zone where we wanted to enter - we will check for resistance in 1.1360-1.1365 zone -if that hurdle crossed -we will move along with the pair upside
Trading Plan - B
Else facing resistance between 1.1360-1.1365 zone - we will book profits & wait at sidelines as holding that zone -can be problem for the pair later once it starts dipping below 1.1250 - it can be early sign that it is going down below 1.1200 mark as well
Note
19:50 Hrs 15th Nov 2018Last Price@1.1294
Chart Image
Trade active
01:08 Hrs 16th Nov 2018Last Price@1.1354
Zone got hit as suggested earlier - 1.1360 - 1.1365. Got the opportunity to take a snapshot / midnight picture of EUR at 1.1362 Highs - Further trades above this zone only else be careful.
Trade active
00:45 Hrs 16th Nov 2018 ( From India)Hitting & Falling From 1.1362 Highs – Midnight Picture of Euro
Note
20:07 Hrs IST 16th Nov 2018Last Price@1.1410
The Flight Above 1.1365
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.