Another possible H&S pattern. Broke down below the range its been in since 2015 late December just to shoot straight back into it early January. Seems like quite a bullish move to me with potential to move higher up into the range again and this gives more confluence to a potential inverted H&S in the making.
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Price is now at neckline. Needs to make a positive break and retrace before I will enter trade.
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Trade active. TP1: 75.645 ( 61,8% fib and resistance ). TP ": 76.685 almost 100% fib and resistance level.
Trade active
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Trade closed: target reached
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TP1 reached. Stoploss to break even on second position
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I have moved SL up to 76.072 which is 78.6% fib on last position.
Both trades closed.
TP1: 88 pips ( 61,8% fib )
TP2: 132 pips ( changed to 78,7% fib )
Nice trade with great R/R
Hope some of you following got in on the trade.
On to the next.
TP1: 88 pips ( 61,8% fib )
TP2: 132 pips ( changed to 78,7% fib )
Nice trade with great R/R
Hope some of you following got in on the trade.
On to the next.