EMkioko

Possible head and shoulder formation.

EMkioko Updated   
FX:EURUSD   Euro / U.S. Dollar
-What's up guys,

-From experience you may have noticed that the volaility of EURUSD usually dies out past NY open.
-We have seen quite a sharp drop in the EURUSD gains from the London session diminish in the NY session.

-I believe EURUSD could gain during the Tokyo session as a medium to gain liquidity to short the pair tomorrow in the London session.

-That is just a speculation. Not a confirmed move. If it so happens, we could witness the print a head and shoulder formation; technically being a confirmation of more sell pressure.

-Let's see how it goes.
Order cancelled:
No Likelihood of the pattern

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.