EURUSD Long Term Destruction

28 de out. de 2018

EURUSDThe current price action displayed by EURUSD on the weekly chart demonstrates an incomplete bearish pattern. This is one of the most common price action patterns in existence. If you look closer, 4H chart or 1 hour chart, you may notice what appears to be a failed "head and shoulders" pattern. This pattern is present (in my opinion), because there should be an immediate short term bullish run. Although the upside potential may be present, the 200 hundred+ pip profit potential over the next few weeks will come from a large bearish move in my opinion.

Thank you for reading and reviewing. Wish you much success!
-StampsFX