EURUSD 4HR HEAD and SHOULDERS

24 בנוב׳ 2018

Nice head and shoulders pattern forming on the euro dollar, rsi is coming into oversold on the point of right shoulder, if your an aggressive trader enter on this point with a tight stop, also the right shoulders point falls perfectly into daily structure, hopefully bulls have enough power to break through the bearish trend line, if we see this then a simple retracement to the neckline of head and shoulder or the trend line will be an opportunity to go long. quite a lot of high impact news next week on both euro and the dollar so will have to keep an eye, the market could possible retrace from the structure back to trend line and crumble or break through and close above confirming long opportunities giving its not a false break.