EURUSD - Can Head & Shoulder - Become Bullish ? 1.1250 - 1.1800

We all know Head and Shoulder (H & S) is a classic pattern which activates only below the neckline & neckline low is recent low of 1.1215

So why not take advantage of buying the pattern if it holds above 1.1250 level & any opportunity between 1.1265 - 1.1275 should be seen as good risk reward trade in next few weeks if it holds above 1.1250 mark.

Upside Target - 1.1800 - No long trades below 1.1250 mark.

Trade active:

23:01 Hrs 14th Nov 2018

Last Price@1.1312

Short Term - Pair looks to fall from current levels of 1.1312 taking it below 1.1300 -travelling close to 1.1265- 1.1275 zone where we are planning to buy or go long -keeping an eye that it should not move below 1.1250 mark

As going below 1.1250 - This setup gets invalidated or little risky.

Trade active:

06:25 Hrs 15th Nov 2018

Last Price@1.1317

Small fall from 1.1312 to 1.1276 - Did you pick as suggested last time at 1.1312

Trade active:

19:49 Hrs 15th Nov 2018

Last Price @1.1301

Trading Plan - A
Twice Hitting The Zone where we wanted to enter - we will check for resistance in 1.1360-1.1365 zone -if that hurdle crossed -we will move along with the pair upside

Trading Plan - B
Else facing resistance between 1.1360-1.1365 zone - we will book profits & wait at sidelines as holding that zone -can be problem for the pair later once it starts dipping below 1.1250 - it can be early sign that it is going down below 1.1200 mark as well

Comment:

19:50 Hrs 15th Nov 2018

Last Price@1.1294

Chart Image

Trade active:

01:08 Hrs 16th Nov 2018

Last Price@1.1354

Zone got hit as suggested earlier - 1.1360 - 1.1365. Got the opportunity to take a snapshot / midnight picture of EUR at 1.1362 Highs - Further trades above this zone only else be careful.

Trade active:

00:45 Hrs 16th Nov 2018 ( From India)

Hitting & Falling From 1.1362 Highs – Midnight Picture of Euro

Comment:

20:07 Hrs IST 16th Nov 2018

Last Price@1.1410

The Flight Above 1.1365