Hi Traders!
As shown in the chart, we here have a potential head and shoulders pattern.
The shoulders are arounde the area 1.11500.
The head level is at the resisitance at 1.11900.
Our Neckline is arounde the support at 1.11100.
At the moment, the market is at the top of the right shoulder.
To finish this formation, the market has to fall at least 400 points.
We recommend to sell now for entering the head and shoulders pattern.
Thanks and good luck :)!
As shown in the chart, we here have a potential head and shoulders pattern.
The shoulders are arounde the area 1.11500.
The head level is at the resisitance at 1.11900.
Our Neckline is arounde the support at 1.11100.
At the moment, the market is at the top of the right shoulder.
To finish this formation, the market has to fall at least 400 points.
We recommend to sell now for entering the head and shoulders pattern.
Thanks and good luck :)!