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KB_MarketAnalysis

Head and Shoulders Pattern on EURUSD

Short
Euro / U.S. Dollar (FX:EURUSD)  
KB_MarketAnalysis  
FX:EURUSD   Euro / U.S. Dollar
Candlestick Analysis Multiple Time Frame Analysis Head and Shoulders
4
0
candlestick mtfa headandshoulders
Potential Head and Shoulders pattern emerging on the pair.

Plan:

- Wait for the price to break lower of the right shoulder.
- Wait for the pullback and a confirmation, then go short.

Things to look at:

- EURUSD is currently bearish on the daily.
- The greenback is rallying following a steep drop.
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