EURUSD Head & Shoulder Confirmed, projected target of 1.3055

FX:EURUSD   Euro / U.S. Dollar
Market has been trading in upward channel, from May 2013 to May 2014

Double Top Pattern formed around 1.3945 has resulted in breaking of the uptrend line

The Double Top Pattern has evolved to form a Head and Shoulder Pattern ( H&S ), indicating a major reversal in the bullish uptrend. The Head and Shoulder Pattern is confirmed when prices broke below the neckline at 1.3500

Head & Shoulder Theoretical Price Projection:
1.3055 ( Neckline - Height of Head = 1.3500 - 0.0445)

Time Limitation: Price will most likely trading towards 1.3055 from now until Nov 2014

Risk: There is always the possibility of price pulling back to the H&S Neckline @ 1.3500, before continuing to trade lower

Hi all, this short idea performed well beyond expectations.
It is one of the rare trades which could make a lot of difference to your total P&L for the year.
Simply an excellent textbook example of why Head & Shoulder trend reversal pattern is so powerful.
IvanLabrie PRO BreakOutArtist
Yet hard to spot correctly and not THINK you got an H&S. Great job!
looks well ...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out