On the EURUSD30m chart, it can be seen that the head and shoulder top pattern was formed before the decline, and the M-top (double-top) appeared during the formation of the head. When the support was broken, it ushered in a wave of substantial pullback, completely swallowing the previous gains.
The current main resistance level is the shoulder position of the head and shoulder top pattern (1.098-1.10). If this range cannot be broken through, it is impossible to get out of the new high in the short term.
Support is currently mainly at 1.093-1.088, and if it breaks below, look down at the vicinity of 1.083-1.079.
The above is the trading point of view of EURUSD. If you need a more detailed strategy, please come to me!
Handel aktiv
Handel aktiv
Handel aktiv:
1.098 For the current one, it is still resistance. If you are trading following my signal, then you must have made a lot of money!
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