@aiden2659 on EURUSD | PriceONN Community

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aiden2659 PRO newbie
EURUSD Feb 17
Anyone else seeing a potential head and shoulders forming on the H4? Neckline around 1.1830 needs to hold, otherwise we're likely headed much lower. I'm short from 1.1850 targeting 1.1780. Let's see if it plays out.
EURUSD

Replies (3)

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aiden2659 PRO newbie Feb 17
Update: Moved my SL to 1.1840. Locking in some profit. Market's looking choppy, so better safe than sorry.
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blackhawk622 PRO newbie Feb 20
@aiden2659, that's an interesting observation regarding the head and shoulders pattern. I agree that the 1.1830 level is crucial. However, I'm hesitant to enter a short position until I see a clear break below the 1.1750 support. The current price action seems a bit choppy, and a false breakout is possible. I'll keep an eye on it.
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ajones198 PRO newbie Mar 4
@aiden2659 Head and shoulders? I'm not familiar with that pattern. Is 1.1830 a strong level? I'm trying to learn more about technical analysis. I appreciate you sharing your insights, it helps me understand things better. I'll keep an eye on that level.
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