HollinFX

Possible Head and Shoulders formation

FX:EURGBP   Euro / British Pound
328 4 0
Hit support at 0.81000, reversal then bottom out at around 0.79360
As you can see, formation was attempted but bounced off trendline
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Bearish engulfing candle formed on resistance, could this be the start of the shoulder formation?
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Closed long trade off for 900 pips profit, waiting for signal of a reversal before shorting and therefore completing the head and shoulders formation.
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Heading in the right direction so far, looking fruitful! 113 pips profit so far.
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