that was a big bear flag
also, that double bottom is nothing compare to overall HS pattern
jangseohee
⋅
i could be wrong, but let's see
IvanLabrie
⋅
Looks more like a short, agreed.
Piet.Hein
⋅
no, you are right the H&S looks very good, I saw it too before the trade, but I thought the channel would be better. Anyway Im still bullish thinking it will be a false breakout, but if it really breaks and retest the neckline, will be good to sell for sure. Good luck and nice analysis mate
kosai19
⋅
It's funny you posted the head & shoulders... I was just about to comment on that. But I think it's more likely to break the high of the right shoulder before going lower. I'll be looking to buy at 1.5195 since I think that scenario is most likely. If it breaks that price level with a big bar then I'll be a seller. If it does reverse there however and it breaks the right shoulder then I'll be a heavy seller. From 1.5690 I would target 1.5. That's my trade plan for the EURAUD anyway.
jangseohee
⋅
i gotten stopped out ^_^
kosai19
⋅
I think you're the only person who can smile when they get stopped out *wink*... usually I find myself buying a new keyboard and screen lol. Check what happens if the shoulder makes a new high... if it's weak I think we'll get another place to sell. Cheers. ^_^
that was a big bear flag
also, that double bottom is nothing compare to overall HS pattern