Head and shoulders pattern on EURUSD

21 nov 2018

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

21 nov 2018

Nota

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 nov 2018

Nota

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 nov 2018

Trade chiuso: stop raggiunto

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