head and shoulders pattern on euro dollar

21 feb 2019

hey guys,

on euro dollar on a 4h chart we have a nice completed bearish abcd pattern.
as the market touched 1.137 level we see an immediate rejection.


now, the market may potentially go even lower.
I will be waiting for a bearish violation of a neckline for a confirmation.
1.1285 is the initial target for this trade, however, you can base it on the market low.

good luck

21 feb 2019

Nota

update for a pattern

22 feb 2019

Nota

Still in consolation