EURUSD UPDATE H&S
Updated
Hi all
EURUSD has been trending sharply for four months, from 0.953 to 1.103, so I'm still looking for a 50% retracement.
After a strong 5 day bearish trend, I see a head and shoulders pattern in the 1 hour chart. So, as long as the eurusd does not pass and close above the head, I believe it will remain in a bearish trend.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all. cheers
EURUSD has been trending sharply for four months, from 0.953 to 1.103, so I'm still looking for a 50% retracement.
After a strong 5 day bearish trend, I see a head and shoulders pattern in the 1 hour chart. So, as long as the eurusd does not pass and close above the head, I believe it will remain in a bearish trend.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all. cheers
Trade closed: stop reached
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