Genghis
Short

EUR/USD - Some amazing symmetry suggesting south 2

FX:EURUSD   Euro Fx/U.S. Dollar
133 3 5
11 months ago
Looking for short into broken neck line of recent Head & Shoulders
11 months ago
Trade active: Short at 1.0888, SL 1.0993, TP 1.0477
Piet.Hein
11 months ago
I do agree with your trade. The only thing that I would change would be a TP at 1.055, but its just fine, congrats. Nice chart.
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Piet.Hein
11 months ago
I set a sell limit at 1.0823

EURUSD Short - I
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kosai19 PRO
10 months ago
I don't think this was a valid head & shoulders. The patterns have more conditions than just the head and shoulders appearing. The environment that it appears in and the conditions that it meets determines whether or not the pattern is valid. In this example it wasn't found at the end of a substantial multi-wave rally (i.e. a prolonged up-trend). It was found after a short impulse that's found in an already bearish market. It's no coincidence that the market reverses soon after the neckline breakout.
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