Head and Shoulders Pattern on EURUSD
Potential Head and Shoulders pattern emerging on the pair.
Plan:
- Wait for the price to break lower of the right shoulder.
- Wait for the pullback and a confirmation, then go short.
Things to look at:
- EURUSD is currently bearish on the daily.
- The greenback is rallying following a steep drop.
Plan:
- Wait for the price to break lower of the right shoulder.
- Wait for the pullback and a confirmation, then go short.
Things to look at:
- EURUSD is currently bearish on the daily.
- The greenback is rallying following a steep drop.
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.