Breakout Patterns PremiumCurrenciesCurrencies PremiumEURUSD Technical AnalysisEURUSD Trade Ideas PremiumPremiumTalking ChartsTechnical Analysis

EURUSD Potential Head And Shoulders Pattern Formation

EURUSD Potential Head And Shoulders Pattern Formation

Left shoulder and the head of the pattern has been completed. As seen on the chart, the right shoulder is ibeing formed.

We predict the pair will test 1.16100 – 1.16250 and turn south.

The Neckline of the pattern is  located at 1.15300.

Area of the Entry: 1.16100 – 1.16250

Stop Loss: Above 1.16600

Target: 1.15300

Break below the target – 1.15300 Neckline – will trigger the bearish move.

Subscribe to our services free of charge



Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

 View the Packages

If you find our content useful, you can donate via PayPal.

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money



EURUSD Potential Head And Shoulders Pattern Formation: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.