Hello traders, This is a very classical pattern (head and shoulders) that is usually formed at the end of a bullish trend. Let's see how it will evolve in the coming days.
Once the neckline is broken, expect a confirmation to the trend reversal.
Its a bloody 6 weeks since I have been waiting !!! I had marked this pattern just before the formation of right shoulder....now waiting for the neckline to break and reap the rewards..... Hope it happens today !
this triangle is not automatically bearish and a down now... i think drop for end of 2017 ... 6-8 weeks of above the resistance 1.18 USD specially if catalogne is down for 6 months!
what do you think?
ForexTurtle
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@FRENCH_SOUP, how to post a chart in the comment ?