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.
Necklinetrader
EURAUD Analysisprice looks break upper channel.
but still inside the rectangle pattern. price need to prove which way it will goes.
if price breakout to the upside, buy on pullback will be our entry strategy.
but if price breakdown and retesting support line, find reversal on smaller timeframe to get best buy entry
EUR/USD SELL #SIGNALHey tradomaniacs,
welcome to another free signal!
Important: Wait for ther break below the neckline of the S/H/S-Pattern before you sell.
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Type: Swingtrade
Market Sell: 1,10670
Stop-Loss: 1,11400
Target 1: 1,09900
Target 2: 1,09550
Target 3: 1,09000
Stop-Loss: 72 Pips
Risk: 1-2%
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Peace and good trades
Irasor
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