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EMkioko
Feb 28, 2023 6:50 PM

Possible head and shoulder formation. 

Euro Fx/U.S. DollarFXCM

Description

-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
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