Hi Traders!
We have a potential Head and Shoulders opportunity on the EURUSD 1D chart.
The price action is telling us that there is a bearish bias due to the market being in a descending price channel with lower highs and lower lows; additionally, the market is also below our 20 EMA.
We are looking for a break and a close below the neckline to target 1.08500.
As long as we remain below the 20 EMA (we MUST stay below the 20 EMA) and in the descending channel, our bearish view will continue.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
We have a potential Head and Shoulders opportunity on the EURUSD 1D chart.
The price action is telling us that there is a bearish bias due to the market being in a descending price channel with lower highs and lower lows; additionally, the market is also below our 20 EMA.
We are looking for a break and a close below the neckline to target 1.08500.
As long as we remain below the 20 EMA (we MUST stay below the 20 EMA) and in the descending channel, our bearish view will continue.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
Trade closed: target reached
Got the break and close below the neckline to reach 1.08500.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.