EURUSD: Inverted Head and Shoulders Forming

EURUSD
Timeframe: 1D
Direction: Long

Confluences for Trade:
- Inverted Head and Shoulders Formation
- Stochastic not in Oversolld conditions
- Good risk-to-reward ratio
- Fundamentally, the positivity from Trump-Xi trade talks should give the market some relieve from the dollar strength we been seeing. Adding on Italy is showing some willingness to amend their budget to come to a compromise with EU budget ruling would also give a boost to the EUR.

Suggested Trade:
Entry @ Area of Interest 1.1300 - 1.1370
SL: 1.1256
TP: 1.1547
RR: Approx. 3.49 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

Locked in half profit and move SL to BE. Run the remaining position totally risk free.

Trade closed: target reached