EURUSD Analysis==> H&S pattern

2024年8月6日

EURUSD reacted well to the Potential Reversal Zone(PRZ) and Heavy Resistance zone($1.1185-$1.098).

According to the theory of Elliott waves, it seems that EURUSD has succeeded in completing five impulsive waves, and we should wait for EURUSD to decline.

From the point of view of Classical Technical Analysis, it seems that Head and Shoulders Pattern is likely to form.

I expect EURUSD to continue to decline, at least in the Support zone($1.0885-$1.0860).

Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

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2024年8月7日

交易進行

EURUSD is moving in the parallel channel, and if the neckline breaks, we should wait for Take Profit.

2024年8月8日

交易結束：目標達成

I moved Take Profit to 1.0887 USD and closed the position.