Euro in a long term downtrend.
Head and Shoulder Pattern
I see a bounce was made and current resistance holding after 3X attempts at $1.06
Failure here and it will retrace to the next support/resistance line at $1.05
Failure to break on the right shoulder --repeating the same pattern as the head did....
Eventual break to $1.037
Divergence on the OVERBOUGHT oscillator
Head and Shoulder Pattern
I see a bounce was made and current resistance holding after 3X attempts at $1.06
Failure here and it will retrace to the next support/resistance line at $1.05
Failure to break on the right shoulder --repeating the same pattern as the head did....
Eventual break to $1.037
Divergence on the OVERBOUGHT oscillator
Trade closed: target reached
Failure here and it will retrace to the next support/resistance line at $1.05 ===ReachedTrade closed: target reached
Second target reached -- 2nd dotted lineTrade closed: target reached
Not often one gets 5 cents in a two weeks on a currency --Wow
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.
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.