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LevRidge
Dec 15, 2019 2:07 PM

EU update Short

Euro Fx/U.S. DollarFXCM

Description

Wanted to give some more thoughts on the price structure i'm expecting to see on eu over the next week..

since we have a bat pattern emerging, I'm expecting a head and shoulders to send eu diving toward 1.09 zone..

Comment

there is a smaller head and shoulders on the 5 min chart that eu might elect to take... I'm already short on this from the top of 1.1192... just looking to sell the bounces..

Comment

Check the update, This head and shoulders was rejected...but i'm still holding my shorts as in this new chart:

Comments
InvestingScope
Good observation regarding the H&S. We are also on the sell side after the 1D MA200 cross formed a sell signal:

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