Eurusdsell
EURUSD - SHORT -- NECKLINE BREAK PENDINGHEAD AND SHOULDER PATTERN FORMED ON 4HR...WAITING FOR PRICE TO BREAK NECKLINE BEFORE OPENING A SHORT POSITION. WE ARE EXPECTING PRICE TO MAKE AN EQUIVALENT DROP IN COMPARISON TO THE HEAD TO NECKLINE LENGTH. IT SHOULD ALSO BE NOTED THAT PRICE IS AT A KEY RESISTANCE LEVEL ON MULTIPLE TIMEFRAMES.
EURUSD Possible Short Term Swing Trade (4h Head & Shoulder)EURUSD price action is trading within a multi-sessions bearish channel. Seeing a Head & Shoulder pattern on the 4hour chart on this market, momentum have been weakening across the short term time frames as well, expecting another move lower towards the 100% of the Fibonacci projections and even to 1.27% in the near term.
Trade Safe!
EUR/USD: Strong Sale TradeHello everybody! How are you doing?
As you can see in this chart,
1- EURUSD is touching the strong resistance.
2- The MACD and Signal are touching each other and getting ready for a great and strong downward trend.
3- MFI and RSI are high, so we are having a strong and great downward trend.
I entered the sell trade,
HOPE THE BEST FOR THIS TRADE :)
EURUSD ShortWas really hoping for this pair to reach the previous high for a double top formation with added confluence of the 3rd tap of the trend line and the fib extensions being met for added confluence last week, but the market never goes your way all you can do is forecast many possibilities and be prepared for what the market does. It impulsed out of the channel and created a bear flag continuation to the downside and these are the 3 possible moves ill be looking for. The more probable one is the tight flag formation for a bear flag continuation pattern. The other two possible moves are a retest of the two ray lines above, if it breaks back into the channel and correctively reaches either ray line ill consider taking the trade.
Daily Update--EUR/USD -- Big Chat ViewDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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