EURUSD - Head and Shoulders complete. Moving up

FX:EURUSD   Euro / U.S. Dollar
58 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.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out