MrDons

EURUSD Forming Head and Shoulder Pattern - Break Neck to Enter

Short
FX:EURUSD   Euro / U.S. Dollar
Hello Folks,

I observed in 4H TF, EU forming HNS pattern. Opportunity to short is at hand.
My entry is at the neck line, where 2 red horizontal lines are.

Extra:
TL have been tested 3 times, possible to break
DXY still bearish, entry sell would be against the rules, but keep the risk tighter.
Key Level 1.1200 been tested several times, price looking to break this level. would be a big bear jump.

Plan: to observe the market on Monday ; Tuesday : watch for entry. Set alert at neck line zone.

Risk: 3%.



Everybody has a plan until they get punched in the face
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.