POSSIBLE HEAD AND SHOULDERS ON EURUSD 4H
업데이트됨
Hi fellow traders, if you like my ideas and analysis, do continue to follow me for future content.
So what I can see on the 4H timeframe of the EURUSD is a POSSIBLE head and shoulders pattern, a reversal pattern if you have not seen it before. If price breaks the neckline, I would wait for a retracement back to the neckline for a potential short trade.
Entry point would be at the break and retest of the neckline. If the candle does not print a bearish candle or show any signs of rejection from that level, entry would not be recommended. stop losses would be 10 pips above the right shoulder. As this is a reversal pattern, you can choose to trail your stop losses above a Lower High to lock in more profits.
Current Risk to Rewards Ratio is 1:3.39 which is very optimal, however, do take note that not all trades will be winning trades. Remember to always only risk a maximum of 2% of your account if you want to stay in the game for long.
If you have success with this analysis, please do leave a comment to let me know.
Have a great week trading.
This is not financial advice nor am I asking you to do what I say. This is merely my ideas and technical analysis that I would be following per my strategy. If you want to find out more, do drop a comment. Cheers.
So what I can see on the 4H timeframe of the EURUSD is a POSSIBLE head and shoulders pattern, a reversal pattern if you have not seen it before. If price breaks the neckline, I would wait for a retracement back to the neckline for a potential short trade.
Entry point would be at the break and retest of the neckline. If the candle does not print a bearish candle or show any signs of rejection from that level, entry would not be recommended. stop losses would be 10 pips above the right shoulder. As this is a reversal pattern, you can choose to trail your stop losses above a Lower High to lock in more profits.
Current Risk to Rewards Ratio is 1:3.39 which is very optimal, however, do take note that not all trades will be winning trades. Remember to always only risk a maximum of 2% of your account if you want to stay in the game for long.
If you have success with this analysis, please do leave a comment to let me know.
Have a great week trading.
This is not financial advice nor am I asking you to do what I say. This is merely my ideas and technical analysis that I would be following per my strategy. If you want to find out more, do drop a comment. Cheers.
액티브 트레이드
Trade is currently active and running in profits거래청산: 타겟 닿음
Can close your trade if you are happy with the profits
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.