ForexDreams

EURUSD - POSSIBLE LONG - HEAD AND SHOULDERS PATTERN

FX:EURUSD   Euro Fx/U.S. Dollar
52 0 2
I closed my short trade at for +3 pips.

Something happened a couple of hours ago, the system that I'm working on should have given me a Short confirmation signal. Instead it gave me a Long signal.

So that got me thinking, what the hell are well looking at. Well, this horizontal range action does appear in H&S patterns.

I think there's a chance that price could do something like this, if it turns out that Long is indeed the right direction.

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