Get started
Kevin_Tchoulfyan

Inverse Head-and-Shoulders on EURUSD

Long
Euro / U.S. Dollar (FX:EURUSD)  
Kevin_Tchoulfyan Updated   
FX:EURUSD   Euro / U.S. Dollar
Head and Shoulders Support and Resistance
4
2
headandshoulders supportandresistance
EURUSD has just validated Inverse Head-and-Shoulders
The small pull back seen on Friday offers us a good price to enter in position on EURUSD
Stop: 1.15
TP 1: 1.197
TP 2: 1.216
Comment:
As we often see on Inverse Head-and-Shoulder patterns, we could have a 2nd shoulders and this is the reason why the stop was placed at 1.15. At this moment, the scenario is not unvalidated and have to wait and see the reaction at 1.15300 before consider to stop this position
Trade closed: stop reached:
Stop reached at 1.15
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.