Get started
AnasRathore

EURUSD: Possible Head and Shoulder Pattern

Short
Euro / U.S. Dollar (FX:EURUSD)  
AnasRathore  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns
8
4
trendanalysis chartpattern
EURUSD couldn't able to form a higher high yet and I can see a possible head and shoulder pattern forming as mentioned in the chart. We can see a good sell off in the coming sessions. Short-term traders can take their Short positions right now and can target 4 hour cloud.
Recommendations: Short at 1.1730 with Stop above yesterday's highs and target 1.15600.
Good Luck
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.