Head and shoulders pattern on EURUSD

21 Kas 2018

Take a look at the formation in white. Looks like a nice short opportunity soon.

21 Kas 2018

Not

Trade is going just as planned. Now, I am waiting to see if we break the head and shoulders neckline. A break would mean further down or a potential retest of the break. Typically we break the neckline and continue further down. Lets see what happens.

21 Kas 2018

Not

Now another good entry point is on the break of the trendline with a tight stop loss or to be very safe, you could short on the retest of the breakline. Both requiring a tight stop loss because a fakeout could happen.

21 Kas 2018

İşlem kapandı: durdurma seviyesi

Stopped out on the retrace off the neckline bounce. Looking for rentry. Nice profit but could have been more with a neckline break! Still I am happy :D