EURUSD Breakout Play [Head and Shoulders]
Excellent opportunity here. Head and shoulders.
Following Thomas Bulkowski of setting price target:
[Breakout price] - [Head high - neckline perpendicular to head high] * probability of reaching target = Price target
1.104 - [1.1446 - 1.10872] * 0.55 = 1.084266
best part is that EUR/CHF is trending down hard esp it's underneath all the EMAs.
Always put stops. I highly suggest putting it at the top of right shoulder. Since most of the time the pull back goes near there. If it breaks then the pattern is an unsuccessful one.
Following Thomas Bulkowski of setting price target:
[Breakout price] - [Head high - neckline perpendicular to head high] * probability of reaching target = Price target
1.104 - [1.1446 - 1.10872] * 0.55 = 1.084266
best part is that EUR/CHF is trending down hard esp it's underneath all the EMAs.
Always put stops. I highly suggest putting it at the top of right shoulder. Since most of the time the pull back goes near there. If it breaks then the pattern is an unsuccessful one.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.