EURUSD Update: Reversal H&S Pattern

FX:EURUSD   Euro / U.S. Dollar
Apparently I think I was wrong in my last analysis about EURUSD to be bullish .

The Head & Shoulders pattern has been created in H4 and there is a negative regular divergence between the left shoulder and the head.

On the other hand, the histogram bars of MACD are still in the bearish phase.

Since the reversal H&S pattern is created, IF the neckline broken out to the downside, I expect a downside move for the price to touch the demand zone .

IF price fell to the demand level and there was any upside push, then we might see the bullish pressure and growth in price.

I’m on the bearish side on EURUSD for now. Let’s see what is the reaction of the price to the demand zone in the next few days!

What is your opinion? Feel free to share your ideas in the comments with me!
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You are great analyst
Correcting yourself makes you more respected person
I am bullish till the break of 1.1872
+4 Reply
@mohsinmukhi Thanks for your feedback and kind words 🙏🏻
Very good job!
+3 Reply
Nice chart, keep up the good work. 😊
+2 Reply
@financialflagship Thanks dear
+1 Reply
nice idea.. 👍
+2 Reply
There is money to be made every minute of every day. On the chart you have there, within a definitive value based analysis a short will get you into the green. Personally, I would hit it with a
15 pip short. Which is what i did. Assuming this chart is this morning's. And clean up I did. Gets to be a habit. Annoying but true.
+1 Reply
@Cadusha Good luck👍🏻🙏🏻
Cadusha Mahtab_Tradia
@Mahtab_Tradia, I’m going to need it. I’m cripple, homeless, and have humongous carbuncles on my rear end from perching my ass on the sidewalk. Why could the good Lord not have blessed me with just calluses like everyone else??
Amazing illustration
+1 Reply
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