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KlejdiCuni
Jul 6, 2021 4:20 PM

EURUSD: Head & Shoulders - Wait For Confirmation Before Selling Short

EUR/USDOANDA

Description

This is an update of the previous analysis. After the price completed the right shoulder of the pattern it is headed to the neckline. It looks like an aggressive move, however, we have to be careful about any pullback before the price drops again. The neckline it's a very critical point in this pattern.

Thank you and Good Luck!

Previous analysis:
Comments
Mahtab_Tradia
Good job as usual!
KlejdiCuni
@Mahtab_Tradia, Thank you
captamerica02_
Will the trend be bearish or bullish after the FOMC Minutes that will happen 3 hours and 46 minutes later??
KlejdiCuni
@pazkristelerica, The trend is related to the time frame of the chart. Anyway, don't trade the news. Better stay out of it.
captamerica02_
@KlejdiCuni, thank you
KlejdiCuni
@captamerica02_, You're welcome.
electronicDiam59862
BobsterFX
I’m looking back to this analysis in April 22 and wondering how accurate was that!
VincePrince
Very good analysis, thanks for sharing it.
Tradersweekly
Interesting setup. Great job.
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