EURUSD Head and Shoulders..But no clear neckline
Updated
There is an evident head and shoulder formation. But there is no clear neckline. Price is just continuously squeezing down at the current time. Usually, this calls for a reversal, and look for a bullish short term entry above the white line.
Take a look at my other related ideas as well.
You can clearly see it is a very bullish underlying structure here on the daily chart.
So I would be cautious in shorting further at this level.
Take a look at my other related ideas as well.
You can clearly see it is a very bullish underlying structure here on the daily chart.
So I would be cautious in shorting further at this level.
Note
Forgot to mention I will Update when there is a more clear entry long. So follow up later:)Trade active
Stop 1.1224Note
Target 1.1350
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