We have a few signals going off this morning, we have a broken neckline, and another neckline about to get penetrated! Inverted head and shoulders is visible, it just needs to be confirmed! The second neckline corresponds with a pivot point level, so when that neckline gets broken, it will be a strong signal to buy! On the hourly chart price has found support at a pivot level and started to head up from there. The 4 hour chart shows price formed a spinning top at a pivot level and started to head up. Not a lot of trading opportunities today so far, but we might still have a move on the euro! I suspect price will use the first neckline as boost for higher prices! Lets watch for the second break, and buy in!!!
Comment:
The break didn't happen, neither was the loss!!! Always have security !!!