Zanchy

EURUSD HEAD & SHOULDERS

Short
FX:EURUSD   Euro / U.S. Dollar
SHORT trade analysis on EURUSD.

Graph is looking bearish from upper trendline. Price recently created Bearish Cypher Pattern, meaning it will fall. It is about to complete Head and Shoulders Formation. Chart made Hidden Bearish Divergence confirming bearish move. Trade idea is also shown on RSI indicator.

If you liked this idea or if you have your own opinion about it, feel free to write in the comments.

Comments

it is 100% bearish for a couple of hours! but still waiting for the confirmation !
+1 Reply
Hitting upper parts on the RSI as well as making a divergence. Down would make sense but we’ll see how it plays out.
+1 Reply
Thank you for your idea.
+1 Reply
Zanchy Chonlathee
@Chonlathee, I am glad to hear that!
Reply
Hope you are right
+1 Reply
Zanchy marcusvagyok
@marcusvagyok, Yessir!
Reply
Zanchy jurcektrade
@jurcektrade, Thank you!
Reply