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RCtrader2

August in the spotlight. Bearish moves on the EURUSD pair.

Short
Euro / U.S. Dollar (FX:EURUSD)  
RCtrader2 Updated   
FX:EURUSD   Euro / U.S. Dollar
Head and Shoulders Trend Lines EURUSD eurusdshort short Bearish Patterns
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headandshoulders trendline eurusd eurusdshort short bearish
There is an H&S lookalike formation on the H1/H4 chart, together with a bearish channel that might develop further. It so gives traders an opportunity to switch sides from bulls to bears and sell the pair.

SL: 1.1840
TP1: 1.1730
TP2: 1.1650
Trade closed: stop reached:
SL was hit.
Trade active:
Re-entered shorts.
Trade active:
The pair might retest the 1.1870-1.1880 area.
Order cancelled:

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