reobillionaire

reobillionaire

EURUSD has rejected the head and shoulder drew within 1 week chart which is weak signal(bearish) so when head and shoulder has broke it will be a strong buy signal. EURUSD is right now forming a reversal head and shoulder as i drew(red color) when it is formed. it makes sure it goes up

reobillionaire

since the oil price broke out the head and shoulder at fibonatch number of 0.618. it will start downtrend.

reobillionaire

So as you can see in the graph it has draw the head and shoulder in month chart. but the reason why it might go up is that on the right "shoulder" it drew the reversal head and shoulder which means high potential of breaking the big head and shoulder top. So personally i have long position for now but when it breaks the neckline of gbpjpy,I'm gonna immediately...