Euro Possible H & S Pattern Setup

FX:EURUSD   Euro / U.S. Dollar
225 8 14
Details on chart.
Comment: Trade Active.
Comment: Stopped out but i will be looking to short again close to 1.14.
Comment: I entered short again from 1.138 with stop 1.141
Comment: 4hr chart.

Comment: Moving stop now at BE. 1.138
Comment: Draghi day tomorrow.. so any move towards 1.14 will turn euro extremely bullish.. but break of 1.12 will confirm continuation downside..
Comment: Still holding euro short and usdchf long..
Comment: This time if euro goes for 1.138 then it will definitely clear 1.14 for more upside.. so now tired to hold short :) STOP at BE.
Very nice, got the same views as you
+1 Reply
newbie2016 Trader95
good.. for now lets see how it trade around 1.1355.. if it get resistance and it falls back under 1.13.. then it will be mark for downside towards 1.125 and below.
eurusd is in uptrend my friend. I have saying this alot...people still keep selling .
newbie2016 arif_awan
Dear.. I totally agree with you... its in uptrend.. but when reversals occur they dont tell that we are going for reversals.. break of 1.1552 will confirm for more upside till 1.16 and if it remains below 1.17 then targets are same below 1.10
arif_awan newbie2016
it has broken key resistance ,,, thats why I am saying. it was just minor retracement. big banks and market movers dont consider minor things. look at audusd it broke the resistance it fly,,, not its turn for eurusd and nzdusd. GBPUSD still under pressure ,,,, one more dip to make the double bottom,
newbie2016 arif_awan
I was on buy side from 1.125 but now it is at resistance.. so i dont consider going long.. i will remain on sell till 1.152..
arif_awan newbie2016
yes after 1.15 i will go short too.
newbie2016 newbie2016
For now it needs to go above 1.141 to confirm for more upside till 1.15 if not then we will see it down below 1.13 again..
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