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Eur/USD Head and Shoulders in Swing Trading Channel! 1051 pips!

Short
FX:EURUSD   Euro / U.S. Dollar
As we can see on the weekly chart, the current trend is marking a deep reversal determined by the rebound on the dynamic trendline of the upper edge of the channel, as well as by the "Head and Shoulders" pattern. It will take many days for the breakout to occur, but for lovers of Positioning Training, this is an opportunity not to be missed!

After the breakout, prices should reach the 1.15972 level and then move towards the 1.18997 level and reverse.

The first Target is fixed at the 1.11813 level, while if the downtrend continues we can expect a touch on the lower dynamic trendline of the channel, and then for safety fix our Target at level. 1.08162 approx.

I recommend entering the breakout or as soon as possible for the right shoulder training.
***** They are not financial / operational advice but only personal ideas *****




Come possiamo osservare sul grafico settimanale, il trend in atto sta segnando una profonda inversione determinata dal rimbalzo sulla trendline dinamica del bordo superiore del canale, nonché dal pattern "Testa e spalle". Occorreranno molti giorni affinché avvenga il breakout, ma per gli amanti del Positioning Training, questa è un'occasione da non farsi scappare!

Dopo il breakout i prezzi dovrebbero raggiungere il livello 1.15972 per poi andare verso il livello 1.18997 e invertire.

Il primo Target risulta fissato sul livello 1.11813, mentre se il downtrend continuerà ci possiamo aspettare un tocco sulla trendline dimanica inferiore del canale, e quindi per sicurezza fissare il nostro Target al liv. 1.08162 circa.

Consiglio di entrare a breakout o quanto prima della formazione della spalla destra.
***** Non sono consigli di finanza/operativi ma soltanto idee personali *****

Comments

i have also took notice of this head n shoulder formation in the weekly charts,i m watching since the beginning of april how and if this pattern will unfold .Price must stay below 1.21 and then a break of 1.1760 will validate this and also it may will lead to the confirmation of a long term lower high at 1.2320 .

From the validation of the head n shoulder pattern ,price points around 1.1120 ,and from the unfolding of a lower high chart patterns which would occur if price will can stay below 1,1440-1.15 area ,prices will point long term around 1.0250
Reply
Well, good luck to everyone! I will rise in sell in EURUSD from 1.20155))
Reply
In short, I do not know about you, but I, perhaps, by EURUSD at the price 1.20155 will rise in sell.
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