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Maveric12
Sep 23, 2018 6:26 AM

End of head and shoulders pattern Short

EUR/USDOANDA

Description

Hello everyone, It looks like we are coming up against some resistance at the end of a head and shoulders pattern. I believe price will return to the lows from the middle of August. Although RSI is not above the 70 level, market bias appears to be short. Enter at 1.1748 Stop 1.18675 Target 1.1386 respectively.

Trade active

Entered short at 1.17663 stop is at 1.1862 target is 1.1404
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