EURUSD is putting in a possible head and shoulders pattern. I will be shorting at 1.9500 even level, which is the completion of a possible right shoulder and this level is also a 61.8 retracement of the head to the neckline, and this same level is also previous resistance. Should EURUSD close below the neckline my targets will be set at 1.7200 at the close of the recent gap.
im pretty new to trading but this is the exact thing i was going to be doing. but i think that as of monday the sellers are going to coming in quickly before it goes up to the 618. so im going to be looking out for that. the gap alsp needs to be filled and i think that will be done very quick;y and possible before the end of the week. but i agree with this idea.
artyomka2000
⋅
@rosswatson89, I guess you can get in aggressivly since its only an 18 pip difference