Hi traders:
EURUSD has been going up massively after the result of the French Election. Now the daily chart is way over extended, and in need of a pullback. We are seeing some resistance around 1.1230 area, and bearish momentum start to come into play.
1 HR chart potentially is forming a Head and Shoulder pattern, looking for a lower high to develop as the right shoulder to enter the short position.
Target 1: 1.1110 (3.17% Profit)
Target 2: 1.1000 (6.83% Profit)
Thank you for your support and feedback.
EURUSD has been going up massively after the result of the French Election. Now the daily chart is way over extended, and in need of a pullback. We are seeing some resistance around 1.1230 area, and bearish momentum start to come into play.
1 HR chart potentially is forming a Head and Shoulder pattern, looking for a lower high to develop as the right shoulder to enter the short position.
Target 1: 1.1110 (3.17% Profit)
Target 2: 1.1000 (6.83% Profit)
Thank you for your support and feedback.
Note
Trade active
Trade closed: stop reached
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Related publications
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.