daltray

EURUSD - H & S TF4

daltray Updated   
FX:EURUSD   Euro / U.S. Dollar
The previous pattern already has a bearish shark. The current pattern looks like forming Head & Shoulders on a 4 hour timeframe. If the neckline is successfully broken, of course it will signal a bearish continuation. After I measure the distance from the neckline to head, the distance is about the same distance from the neckline to the fibo line 1, the last bottom support. A sign that is strong enough for the price to get there if the neckline is successfully broken.
Trade active:
Neckline broke. Short at 1.1110
SL at 1.1230
TP at 1.0790

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