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
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