EURUSD Inverted Head & Shoulders Pattern on Daily TF - LONG!!!
In the next coming week or so, keep a close eye on this pattern. I really do believe in these sort of patterns and setups - especially when they have been confirmed by break and retest of their necklines. In this case the neckline is daily supply.
is it a coincidence that the measured move target (as shown by the second arrow lands perfectly in a weekly supply zone? I think not! This is simply a zone to zone trading. When an H1 zone is broken, next target is H4, when that is broken, next target is Daily and so on and so forth - ceteris paribus of course.
I am very keen for price to get to weekly so we can sell high again - if that is what we are meant to do :)
All the best in the coming week and good luck to those who collected both the bearish and bullish pips on EU on Friday! It just kept dishing out :D
is it a coincidence that the measured move target (as shown by the second arrow lands perfectly in a weekly supply zone? I think not! This is simply a zone to zone trading. When an H1 zone is broken, next target is H4, when that is broken, next target is Daily and so on and so forth - ceteris paribus of course.
I am very keen for price to get to weekly so we can sell high again - if that is what we are meant to do :)
All the best in the coming week and good luck to those who collected both the bearish and bullish pips on EU on Friday! It just kept dishing out :D