EURUSD has finished its inverted head and shoulder formation just right before the end of last week. It has also broken through the confirmation neck line. To ensure a profitable trade, I'd like to see price pulls back to the confirmation line before moving north. The profit target is @ 1.15000, a psychological level which could be a excellent resistance line. Please pay attention to trading volume and other indicators for signs of continuation or reversal.
Trade active:
hit buy limit, in profit
Trade closed manually:
95% profit achieved. Close the trade if you have a nice profit or move your stop loss above entry price and let it ride. Thumbs up if you make money on this trade