Get started
Euro / U.S. Dollar
Long
Updated

EURUSD False Head & Shoulders

241
Hey, haven't posted in a while because i've been too busy managing more accounts than i'm used to. But I just wanted to get back on to say that this head and shoulders is not going to work out lol. I've seen just enough posts that think it will, that even verify what i was originally thinking. I've been planning for this false head and shoulder's since the left shoulder and head formed. It's possible we can consolidate and move a bit lower before kicking back up. But this thing is highly likely to kick up.
Note
snapshot i'm long
Note
snapshot stop is now at breakeven, if i'm taken out of the trade and price continues bullishly i'll find a spot to re-enter
Note
snapshot broke even, now looking for a new entry. If we dont break up today, i'd just expect more sideways movement and squeezing leading into a bullish week for next week.
Note
snapshot the low of the week is in
Note
Still think head and shoulders works?

I'll see you all when I see you, I'll probably try to make a post once or twice a month. At least for big moves like this.
Elijah_Trading
Also on:
Chart Patterns

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.
Chart Patterns
Elijah_Trading
Also on:

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.