Shorting EUR idea. H&S pattern in play.

FX:EURUSD   Euro / U.S. Dollar
469 4 5
1.3740 level proved to be support for the bulls. If the level finally takes, we'll get H&S pattern confirmed and we might see further decline to the next area of support around 1.67 level which happens to be 50% Fib retracement of the recent move up and potential measured target from the H&S pattern. Coming sell signal on Stoch RSI supports the idea too.
Added to the position anticipating another leg to the downside...
Initial impulse in our favor retraced to 0.382 Fib level. If it reverses here I might consider adding to the winning position.
As we are at 1.371, I'm moving stop to BE
And the trade is fired... Let see if it can reach the target. Move the stop to BE once it goes 25-30 pips in our favor.
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