selling at right shoulder. one on top right shoulder, one below SR level. SL is ATR
USDCAD: Head and Shoulder formation. Selling at right shoulder
EURUSD: Possible head and shoulders formation. I'm selling at top of right shoulder and SL is ATR
This head and shoulders pattern is almost text book so far in its present development. Volume is up on the advance of the left shoulder and lower on the advance of the head. We're missing that extra warning of the increase in volume on the decline of the head. There is, however, very weak rise in volume on the decline of the right shoulder. Combined with weakening...