Euro / DollaroShort
EUR/USD "Double head-shoulders" pattern
Aggiornato
Hello traders,
looking at my analisis, you can crearly see a "Double head-shoulders" pattern, with the right shoulder going to be completed.
You can also see the Andrew's Pitchfork with target at the red bottom support, 1.05203.
If the price breaks the two blue supports, the pattern is confirmied and I expect a downtrend inside the channel, to the black Fibonacci support at 1.04635.
Remember to wait for the confirmation on multiple timeframes and always use Stop Loss.
Good trade!
looking at my analisis, you can crearly see a "Double head-shoulders" pattern, with the right shoulder going to be completed.
You can also see the Andrew's Pitchfork with target at the red bottom support, 1.05203.
If the price breaks the two blue supports, the pattern is confirmied and I expect a downtrend inside the channel, to the black Fibonacci support at 1.04635.
Remember to wait for the confirmation on multiple timeframes and always use Stop Loss.
Good trade!
Nota
The pattern seems now completed, with a little delay as you can see.If the price breaks the black Fibonacci support, I expect a downtrend inside the channel, as my previous analisis.
Target 1.05203.
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