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Oct 8, 2017 11:31 AM

a giant Head and shoulders in EUR/USD daily Long

Euro Fx/U.S. DollarFXCM

Description

not only according to huge RSI divergence that occurred in the top of the trend there is not much chance the EUR/USD would fly over this years tops. But according to the pattern which is humbly proposed on the picture, some grow is still expected. I went long but very cautious, this position could be risky because of quite certain trend change.

Trade closed: target reached

ok, so this went up quickly. Now I will be looking for a bearish daily candle. This can take few days. After it appears, I go short.
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