EURUSD Analysis on the Daily Timeframe.
I usually do my analysis on the 4HR, however, looking at the chart on the daily looked more simple and easy to analyze.
Clear Head & Shoulders pattern occurring on the daily chart. (Yellow circle).
I am waiting for that last buy retest candlestick to close, so this may take about a day.
When a new daily candle forms, and it is a sell candle, I am selling.
I have provided an entry area (black line) if the new daily candle starts around that area.
I have provided TPS, and extra TP's as well.
If the candle however breaks the neckline and continues to buy, I will provide buy setups and a new analyzed chart.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time rejects that zone, goes back to entry, then smashing TPS.
I usually do my analysis on the 4HR, however, looking at the chart on the daily looked more simple and easy to analyze.
Clear Head & Shoulders pattern occurring on the daily chart. (Yellow circle).
I am waiting for that last buy retest candlestick to close, so this may take about a day.
When a new daily candle forms, and it is a sell candle, I am selling.
I have provided an entry area (black line) if the new daily candle starts around that area.
I have provided TPS, and extra TP's as well.
If the candle however breaks the neckline and continues to buy, I will provide buy setups and a new analyzed chart.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time rejects that zone, goes back to entry, then smashing TPS.