Trade closed manually:
I closed this trade at 13.00 and will wait for confirmation we are going lower to open my position again.
Trade closed: target reached:
I reopened a short at 13.00 and we hit our 12.00 target. Closed my short at 12.25 but I believe we will still retest the 12.00 area. keep your Eye out for a Long position next!
A head and shoulder formation is bearish not bullish so it only confirms the short even further. What a head means is that price action tried breaking the highs and could not thus forming the familiar H/S.
yeah I meant a reversal from long to short (the H/S is the confirmation) . Maybe my sentence was not clear enough ;) , but I concur with your analyses on this downward trend, have been monitoring when the left shoulder started to appear :) .