2ndSkiesForex
Short

Watch for LH to Into Key Resistance Zone

FX:EUSTX50   Euro Stoxx 50 index of European listed shares
104 4 2
Forming what could possibly be an HS (head and shoulders pattern) on the H4 chart, the EUSTX50             has bounced handsomely off the neckline. I'm expecting an LH before the 2860 level, which if the price action looks to weaken up there, I'll look to short for a move back down to 2772 and possibly a much larger move lower towards 2718.
2ndSkiesForex
3 years ago
Well as suspected, the EUSTX50 went right into my resistance zone, then has sold off heavily, hitting first TP. Am suspecting if 2765 breaks, then a much larger reversal is in the cards to potentially 2545. Will update end of day.
Reply
pradafx 2ndSkiesForex
3 years ago
Wow. Nice trade there Chris. I Missed this trade badly.
Seen some of your previous analysis also worked in the similar direction. Cheers
Reply
2ndSkiesForex pradafx
3 years ago
Thanks mate - yes, was a good trade, but there will be others.
Reply
2ndSkiesForex
3 years ago
2nd Target at 2718 hit (which was also the low print for the day today), so a nicely profitable trade. Will look to re-short on corrective pullbacks towards 2763, looking for a much larger move lower
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out