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Euro / U.S. Dollar
Short

EUR/USD DAILY HEAD&SHOULDER

By theforexdaddy
  • THE MARKET COULDN'T KEEP THE UPTREND THAT STARTED ON JUNE

  • LOOKS LIKE A REVERSE IS GOING TO HAPPEN

  • I CAN SEE THE MARKET FORMING A HEAD AND SHOULDER REVERSE PATTERN

  • THE RIGHT SHOULDER FORMING CORRELATES WITH MY FIBONACCI 61.8, 1.3 CRUCIAL ZONE AND A RETEST OF THE BROKEN TENDLINE

  • OVERALL I HAVE BEARISH BIAS ON THIS PAIR BECAUSE WE HAVE AN UNCLOSED GAP AT 24 APRIL 2017

  • AS ALWAYS I WAIT FOR PRICE ACTION TO CONFIRM MY ENTRY
Chart PatternscrucialpointTechnical IndicatorspriceactionreversalpatternRRTrend Analysis

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