blessedasalei

EURUSD - SHORT -- NECKLINE BREAK PENDING

Short
FX:EURUSD   Euro / U.S. Dollar
HEAD AND SHOULDER PATTERN FORMED ON 4HR...WAITING FOR PRICE TO BREAK NECKLINE BEFORE OPENING A SHORT POSITION. WE ARE EXPECTING PRICE TO MAKE AN EQUIVALENT DROP IN COMPARISON TO THE HEAD TO NECKLINE LENGTH. IT SHOULD ALSO BE NOTED THAT PRICE IS AT A KEY RESISTANCE LEVEL ON MULTIPLE TIMEFRAMES.
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