EURUSD - head and shoulders, reversal SHORT
Hi all,
Here we have the EUR/USD on the 1HR time frame. As you can see we have a head and shoulders pattern which can be a reversal signal. My other confluences are that it is at a key area (BLUE line - 1HR key area, YELLOW line - 15min S+R).
As the head and shoulders is at the top of a bullish trend this could be a possibility of a reversal if it does not push through the upper blue line.
I will be looking to SHORT on a small time frame when a entry is confirmed..
Good Luck and trade safe
L
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATIONAL PURPOSES AND THIS IS MY OPINION - ALL FEEDBACK IS WELCOMED **
Here we have the EUR/USD on the 1HR time frame. As you can see we have a head and shoulders pattern which can be a reversal signal. My other confluences are that it is at a key area (BLUE line - 1HR key area, YELLOW line - 15min S+R).
As the head and shoulders is at the top of a bullish trend this could be a possibility of a reversal if it does not push through the upper blue line.
I will be looking to SHORT on a small time frame when a entry is confirmed..
Good Luck and trade safe
L
** THIS IS NOT FINANCIAL ADVICE, THIS IS FOR EDUCATIONAL PURPOSES AND THIS IS MY OPINION - ALL FEEDBACK IS WELCOMED **
Penafian
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