Euro watch: Two bear patterns

Good day all,

Quick post for today. I see two traditionally bearish patterns on the EURUSD. Both are unconfirmed, but I will be leaning towards the bearish side. We have a head and shoulders (grey circles) – not too big – and we also have a bear flag (black lines). As you can see on the chart, I already have two shorts in. My stop is just above the right shoulder. Right now I can only watch and hope for the best. Let’s see how this pans out.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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