EURO vs USD Head and Shoulders Setups
Updated
Short setup depending on your appetite for risk you can
either set alerts and wait for the break of the neckline with
a back test and a candle close outside of the neckline before going then short.
A stop placed at the previous swing high.
Alternatively look for shorts at the resistance at the top of the right shoulder.
Again depends on your appetite for risk
We have a measured move taken from the peak of the Head to the Neckline
which aligns with volume profile with additional confluence
at the .618 fib pull and the .25 fib fan .
Set alerts and wait for the trade to come to you always know your invalidation
either set alerts and wait for the break of the neckline with
a back test and a candle close outside of the neckline before going then short.
A stop placed at the previous swing high.
Alternatively look for shorts at the resistance at the top of the right shoulder.
Again depends on your appetite for risk
We have a measured move taken from the peak of the Head to the Neckline
which aligns with volume profile with additional confluence
at the .618 fib pull and the .25 fib fan .
Set alerts and wait for the trade to come to you always know your invalidation
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