Hi guys !
I was bullish on euro/usd last weeks before when we perfomed a inverted head and shoulders or cup and handle on 1 day chart , we make a good rally but couldnt test 200ma..
Then suddenly we fail miserably so i check my monthly chart.
What i see is a bit worry , after break a symetric triangle we run up and test the apettite of that triangle extended in X period forming a BIG bear flag
Similar pattern before a big drop.
Dont know what will happen but looks so bad..
Stay safe !
I was bullish on euro/usd last weeks before when we perfomed a inverted head and shoulders or cup and handle on 1 day chart , we make a good rally but couldnt test 200ma..
Then suddenly we fail miserably so i check my monthly chart.
What i see is a bit worry , after break a symetric triangle we run up and test the apettite of that triangle extended in X period forming a BIG bear flag
Similar pattern before a big drop.
Dont know what will happen but looks so bad..
Stay safe !