Feb 9 – Head and Shoulders on Euro Daily?

Hey folks. this looks like a beautiful head and shoulders reversal to me (at a key reversal area from the Nov 4 high). I’m in short right below where I see the right shoulder, planning to take half at the neckline and the other half around 1.34 if this works out.

Disclaimer: This trade may or may not work out, if you decide to take any action based on this it is solely YOUR responsibility.

Here’s a couple more reasons why I’m feeling good about this trade:

Euro 50 Range Chart
Dollar Index 50 Range Chart

Both look like they have completed their Spike and Channel patterns.