EURUSD Head&Shoulders Short
Price has rejected from a resistance zone about 4 or 5 times with a few fakeouts which leads me to believe that the current price action has created a head and shoulders so we should look to see it reverse to the down side. Price is also creating an ascending triangle and has respected the bullish trendline I've drawn so we could also see some rejection from this area before continuing its downward momentum. Price could also reverse altogether at the trendline. Just keeping an eye out for the right price action before jumping into anything.
Order cancelled
Crazy news event
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.
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.