patogarcia912

EURUSD needs to confirm its' direction before making a decision

FX:EURUSD   Euro Fx/U.S. Dollar
Ok so EURUSD             already broke down that trendline , it almost re-tested it thrice, we can't say that's a double top because it passed through the trendline again and came back in, but I also see what could be a mini head and shoulders forming there.
Since it already reached a .618 Fibs retracement... I would expect a BEARISH scenario, but I need it to confirm its' intentions before making a decision.

Any opinions on this?
Very hard to find some qualified scenarios, as we are reaching the end of side movement.
+1 Reply
patogarcia912 John_Boba
Exactly, even when I wouldn't call this a consolidation the truth is that it hasn't revealed a direction yet.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out