TheCryptagon

EURUSD Inverted Head and Shoulders can take it much higher

Lång
OANDA:EURUSD   Euro / USA-dollar
The pair's obvious pattern on the long run is a Channel Up. Inside this we've spotted an Inverted Head and Shoulders, whose Head to Right Shoulder is +3.70%. The price target on those patterns tend to be a proportional rise from the Right Shoulder. A new +3.70% extension places a target tag at 1.1300. If this is performed within the Channel Up then it could be another month until it gets hit.

The accuracy on the structure of an Inverted H&S can be seen in October/November where a similar pattern formed a proportional +3.80% rise after the Right Shoulder and priced the November 15th high.


Follow us, like the idea and leave a comment below!!

TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!

🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰

TELEGRAM: t.me/thecryptagon
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.