Euro / U.S. DollarShort
EURUSD Sell - testing neckline
August has not produced much for trading opportunities, but this looks to be a pretty good one.
The EURUSD has formed a Head & Shoulders Pattern and recent broke below the neckline. It is now testing it and this looks to be a beautiful opportunity to capture a potential 1,000 pips. (A Target on a broken neckline is often the distance between the neckline and the top of the head). I will not carry it for that long, but I am selling this and will hold on to it for a while.
If you want to see my live account, you can do so by going to the Darwinex website and searching for BPX.
The EURUSD has formed a Head & Shoulders Pattern and recent broke below the neckline. It is now testing it and this looks to be a beautiful opportunity to capture a potential 1,000 pips. (A Target on a broken neckline is often the distance between the neckline and the top of the head). I will not carry it for that long, but I am selling this and will hold on to it for a while.
If you want to see my live account, you can do so by going to the Darwinex website and searching for BPX.
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.