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Classic Heads & Shoulders SHORT TRADE
If you check out yesterday's post, we anticipated a short position using the four-hour candlestick.
This analysis relies heavily on this being the end of a Secondary trend that started on the 14th of April 202
The overall sentiment since Sep 2020 Is a bear market.
On the 15th of June 2022 & 1st of July 2022, we had huge sellers kick in the market and we Identified that as the primary market.
As of this writing, the bullish reversal has lasted for 3 months
If we keep getting bulls then, this could signify strength in the EURO and change in the overall market sentiment.
In our current analysis, we are sticking to the primary market and looking for SELL opportunities.
We have classic heads and shoulders in our 15 minutes timeframe.
We SELLEURGBP now.
Note: We are Ignoring Trading Hours.
This analysis relies heavily on this being the end of a Secondary trend that started on the 14th of April 202
The overall sentiment since Sep 2020 Is a bear market.
On the 15th of June 2022 & 1st of July 2022, we had huge sellers kick in the market and we Identified that as the primary market.
As of this writing, the bullish reversal has lasted for 3 months
If we keep getting bulls then, this could signify strength in the EURO and change in the overall market sentiment.
In our current analysis, we are sticking to the primary market and looking for SELL opportunities.
We have classic heads and shoulders in our 15 minutes timeframe.
We SELL
EURGBP now.Note: We are Ignoring Trading Hours.
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