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The_Cannalyst
Oct 20, 2017 12:07 PM

Bearish H&S or trend continuation? 

Euro Fx/U.S. DollarFXCM

描述

Since August, a possible bearish H&S apears. This H&S would be triggered with Prices < 1.17. --> Min TP: 1.15 (38,2 fibo) / max TP: 1,1323 (0,5 fibo)
The are between 1,17-1.187 seems to be neutral for me.
I see a shortterm Long opportunity with Prices > 1.19 - here the H&S isn`t anymore.
--> TP could be 1.2010, trading above that Level could accelerate the upwave (perhaps up to 1.23)
Cheers

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Initial view:

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don`t be so shy guys..what`s your view/opinion?

交易开始

H&S active

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ugly downflag

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eurusd direct at the flag Trigger

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After the trendbreak we have seen a little sell off...now the pair kissed the EMA 200, the RSI turned green! Is this an anticyclical shortterm long chance?
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andras1229
hi Mary,i am waiting for the turn too
TAJIR_B
waiting for that retest :)
mkandy
Hi MarJane,
Any update on eur/usd?
epalazzo
Thank you. Following closely and please update it as frequently as you see necessary.
fxrandal
Hi, thank you for your analysis! Do you hold trades over a weekend?
robertsonb
Great Analysis Mary. Tks.
mkandy
Hi Mary Jane,

Can you suggest me safe stop loss for shorts (time period of 3-6 months holding period)
The_Cannalyst
@mkandy, for mid/shhortterm trades 1,19 is thinkable / for the long run the 1,21
mkandy
@Maryjane, Thanks for your prompt reply :-) Appreciate your efforts..
l.bcd
Thanks for sharing !
very clever
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