lawlee9
Long

EURUSD - Head and Shoulders complete. Moving up

FX:EURUSD   Euro / U.S. Dollar
57 0 3
Head and shoulders on the daily that looks to have completed it's downside move as it bounced off the 61.8% FIB. This would also be the C correction for the 5 wave pattern. We can see prices already broke back up above the neckline of the head and shoulders , so we can see moves higher. TP1 is 1.20364 to close the gap from early 2015.
Comment: This trade is still in play. This last week actually provided extra confirmation for the move up with a rejection off of the below trendline, and a weekly close just around the close of the 1st wave.

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