ForexTrendline

EURUSD head and shoulders

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
After the bottom at the end of September EURUSD rose to the levels of resistance we expected.
There we see the first repulsion - the left shoulder. Re-ascent and second repulsion - the head. And now we expect a third repulsion - the right shoulder.

In the Head and Shoulders formation, a confirmed entry is made in the event of a break in the neck line. This means waiting for the situation to be confirmed.
All pre-entries can bring bigger profits, but will be at higher risk!

Control wisely the volumes and transactions you conclude in order to achieve successful results in the long run!
If you have difficulties you can always contact us!

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