EURUSD INVERTED HEAD & SHOULDER
After previously identifying a bearish head & shoulder pattern, price seemed to have done an inverted head & shoulder at a previous support structure.
With an impulse wave and retracement to the .5 level, price seems to be in the 3rd wave that can have the potential to reach 1.03, and 1.04 which can be considered potential targets for the 3rd Elliot wave pattern.
After observing high volatility in price reactions, this is an idea that can be taken into observation even with proper risk to reward trading involves partial or total loss of investment.
This post is for sharing my point of view only and is not intended as a signal or alert to be traded.
With an impulse wave and retracement to the .5 level, price seems to be in the 3rd wave that can have the potential to reach 1.03, and 1.04 which can be considered potential targets for the 3rd Elliot wave pattern.
After observing high volatility in price reactions, this is an idea that can be taken into observation even with proper risk to reward trading involves partial or total loss of investment.
This post is for sharing my point of view only and is not intended as a signal or alert to be traded.
Feragatname
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