Possible head and shoulders forming

2018年7月5日

For a long time I've been Bear-biased on EURUSD, but it seems that we might just have a head and shoulder forming within the triangle.

Possible trading options would be to buy low @ 1.16500 or sell high @ 1.19000. Both require patience and a good entry point.

For the buy:
TP1: 1.17600
TP2: 1.19500
SL: 1.15700

For the sell:
TP1: 1.17600
TP2: 1.15000
SL: 1.19500

2018年7月5日

註釋

Scenario #!:
Small movement, short term, ranging downwards.

2018年7月5日

註釋

Scenario #2:
Large movement, long term, completion of overall head and shoulders pattern.

2018年7月5日

註釋

Either way, I believe we can expect price action towards 1.17600.

NFP day tomorrow might just catalyze the whole process.

2018年7月7日

註釋

38.2 Fibo line not broken. Scenario #1 more possible

2018年7月9日

註釋

1.17660 reached. Bearish movement inbound if the market plays along.

2018年7月9日

註釋

Bearish movement confirmed.

2018年7月9日

註釋

Nice quick 40 pip downwards move from EURUSD. Looks like the currency is right on track for the head and shoulders. Next-up; Draghi speaks.

2018年7月10日

註釋

Very decent 100 pip move down to the support level.

2018年7月10日

註釋

Price currently testing old support/new resistance,
Two possible scenarios to follow:

2018年7月10日

交易進行

2018年7月14日

交易結束：目標達成

First target reached! Confirmation of first shoulder.