EURUSD Inverted Head and Shoulder formation
Updated
EURUSD has finished its inverted head and shoulder formation just right before the end of last week. It has also broken through the confirmation neck line. To ensure a profitable trade, I'd like to see price pulls back to the confirmation line before moving north. The profit target is @ 1.15000, a psychological level which could be a excellent resistance line. Please pay attention to trading volume and other indicators for signs of continuation or reversal.
Trade active
hit buy limit, in profitTrade closed manually
95% profit achieved. Close the trade if you have a nice profit or move your stop loss above entry price and let it ride. Thumbs up if you make money on this trade
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