Morning Godal Member's, Traders and Aspiring Traders todays shared post is an update post on EURUSD
Pair : EURUSD
Time-Frmae : DAILY
Outlook: After identifying a potential head and shoulders formation in the previous post . The over extended lower low has provided the retracement / pull back we was waiting for . Which also provided some intra-day trades but based on what's being focused on in this post price action is now located close to the allocated resistant area where we wanna wait and see how price reaction reacts in this area on the lower time frame where entry criteria is found for potential further downside.
to the neck line of the head and shoulders to complete the pattern for potential further downside.
* What was added to the chart *
Theres signs occurrence off potential early continuation after a pullback.
Could we potentially see early retracement ? Could we potentially come across entry criteria ?
Maybe BUT we are going to remain patient because 1.Its friday and this is not a intra-day trade. 2.Theres still room for a deeper pull back in the new week coming .
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.