Head and Shoulders formed to confirm bearish move.
H&SH formed on 4H and Daily chart of EUR/USD. Wait for pinbar or engulfing candle stick to have more advantage, enter with risk/reward 1:2 at least. If you want bigger risk/reward, wait for a pullback of 50% fibonacci on 4H chart and enter with 1:3 risk/reward.
Trade closed: target reached
The price action reacted as it was forecasted with technical analysis, more ideas coming soon!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.