EURUSD: Possible Head and Shoulder Pattern Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 28, 2017 1:20 PM

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

Trend Analysis Chart Patterns

Comments

form7gt

⋅ Jul 28, 2017 7:28 PM

my mistake is trade only this pair with my full account
I with this pair crush

AnasRathore

⋅ Jul 29, 2017 3:52 PM

@form7gt, Yeah you can't put all of your eggs in one basket. We have dozens of things to trade on.

form7gt

⋅ Jul 28, 2017 3:03 PM

Still rising

AnasRathore

⋅ Jul 28, 2017 4:02 PM

@form7gt, Yes unfortunately, I am waiting for reversal as it should happen soon but there are no confirmation signs. Trend is Bullish but reversal can happen anytime.