Head and shoulders pattern on EURUSD

2018年11月21日

Take a look at the formation in white. Looks like a nice short opportunity soon.

2018年11月21日

ノート

Trade is going just as planned. Now, I am waiting to see if we break the head and shoulders neckline. A break would mean further down or a potential retest of the break. Typically we break the neckline and continue further down. Lets see what happens.

2018年11月21日

ノート

Now another good entry point is on the break of the trendline with a tight stop loss or to be very safe, you could short on the retest of the breakline. Both requiring a tight stop loss because a fakeout could happen.

2018年11月21日

トレード終了: ストップロスに到達

Stopped out on the retrace off the neckline bounce. Looking for rentry. Nice profit but could have been more with a neckline break! Still I am happy :D