FX123333
Short

EUR/USD: CORRECTION PATTERN, CONSOLIDATION

FX_IDC:EURUSD   Euro/U.S. Dollar
107 1 1
The corrective consolidation pattern involves the support leg to be broken as this has been retested many times, I believe that the trend will breakthrough giving a signal to short. I suspect that the trend may recover towards back up to 1.115 once it has hit point C, however this would only be another short set up for potential sellers.

Opening point: 1.11633
Target point: 1.1
Exit point: 1.12254
Trade closed: stop reached
Comment: #Godisgreat
Looks like a head & shoulders...
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out