Ryan_lopes

HEAD and SHOULDER PATTERN on EURCHF (Crucial point)

Long
FX:EURCHF   Euro / Swiss Franc
Hello guys. Here is our analysis on EURCHF . As we can see that the pair is forming a HEAD AND SHOULDER PATTERN. It has already formed its left shoulder and its head. The pair is also at its support point, so its very interesting to see what the pair does. If the pair bounces back it will make the right shoulder. If it breaks the support then it will fall till the next support.

Let us know your views guys. Follow for confirmation for TP and SL. thanks.

Ryan.R.Lopes

Comments

I was taking a look at it few minutes ago, nice work
Reply
Ryan_lopes transparent-fx
@transparent-fx, Thanks bro
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This makes no sense...in that context only a reverse H&S patterns can happen.
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Ryan_lopes AntonioSignore50
@AntonioSignore50, You may be right, As the market condition is right now, we have given two possibilities. The two black lines indicates the possible move. It can either come down or go up making the right shoulder.
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@Ryan_lopes, I think I will have to call the pattern alarm police for you... :-)
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Ryan_lopes AntonioSignore50
@AntonioSignore50, i didn't get that
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@Ryan_lopes, it is a joke. Pattern are useful as long as people fo not pretend to twist them into a chart because they want to see that pattern. It is wishful thinking only. And very costly
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Ryan_lopes AntonioSignore50
@AntonioSignore50, Everyone has their view bro and everyone see things with their own perspective. I have posted my analysis on the basis of what i see. As you can see that i didnt mention and signal.
Reply
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