EUR/USD big bear flag?
Hi guys !
I was bullish on euro/usd last weeks before when we perfomed a inverted head and shoulders or cup and handle on 1 day chart , we make a good rally but couldnt test 200ma..
Then suddenly we fail miserably so i check my monthly chart.
What i see is a bit worry , after break a symetric triangle we run up and test the apettite of that triangle extended in X period forming a BIG bear flag
Similar pattern before a big drop.
Dont know what will happen but looks so bad..
Stay safe !
I was bullish on euro/usd last weeks before when we perfomed a inverted head and shoulders or cup and handle on 1 day chart , we make a good rally but couldnt test 200ma..
Then suddenly we fail miserably so i check my monthly chart.
What i see is a bit worry , after break a symetric triangle we run up and test the apettite of that triangle extended in X period forming a BIG bear flag
Similar pattern before a big drop.
Dont know what will happen but looks so bad..
Stay safe !
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Disclaimer
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.