EURUSD: Possible head & shoulder pattern Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 7, 2017 9:34 PM

Hi traders,

On the EURUSD I'm looking at this head & shoulder pattern to enter short. I don't normally trade these setups, but I want to give it a try on this one.
Entry: 1.07600
Stop: 1.08000
Target: 1.05910

Good luck traders!

Comment

⋅ Feb 7, 2017 9:36 PM

Target is based on the completion of an AB=CD pattern + previous structure

EURUSD hs short

Comments

SageFXTrading

⋅ Feb 8, 2017 3:30 PM

Yup, I have the same assessment :)

11021992

⋅ Feb 8, 2017 4:31 PM

@SageFXTrading, Nice, good luck :)

piptamil

⋅ Feb 8, 2017 7:39 AM

Thank you

11021992

⋅ Feb 8, 2017 1:13 PM

@piptamil, You're welcome!

NewsFilters

⋅ Feb 7, 2017 9:57 PM

I like your charts. It perfectly fits with my trading strategy on EURUSD.

Shared.

11021992

⋅ Feb 7, 2017 10:52 PM

@NewsFilters, Thank you! Glad I can help.