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theforexdaddy
Jul 19, 2019 7:19 AM

EUR/USD DAILY HEAD&SHOULDER Short

Euro Fx/U.S. DollarFXCM

Description

  • THE MARKET COULDN'T KEEP THE UPTREND THAT STARTED ON JUNE

  • LOOKS LIKE A REVERSE IS GOING TO HAPPEN

  • I CAN SEE THE MARKET FORMING A HEAD AND SHOULDER REVERSE PATTERN

  • THE RIGHT SHOULDER FORMING CORRELATES WITH MY FIBONACCI 61.8, 1.3 CRUCIAL ZONE AND A RETEST OF THE BROKEN TENDLINE

  • OVERALL I HAVE BEARISH BIAS ON THIS PAIR BECAUSE WE HAVE AN UNCLOSED GAP AT 24 APRIL 2017

  • AS ALWAYS I WAIT FOR PRICE ACTION TO CONFIRM MY ENTRY
Comments
transparent-fx
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