ThePennyStalker
Long

EUR/USD Viva la resistance

OANDA:EURUSD   Euro / U.S. Dollar
With a retracement back to the 61.8% fib, I'm hoping EURUSD will bounce up to somewhere around the 1.1350 area. This would line up with the previous years test of resistance ( Head and Shoulders ) which I've highlighted with Yellow circles and as you can see we have no broken that level since then.
Trade active: Entered @ 1.12275
Target @ 1.13500
Stop @ 1.11639
Comment: Possible test of the MAs, if it does test either the 8 or 21 MA, I will expect a bullish move off of that. I don't expect to see any real movement until the London open.
Comment:
Comment: As I suspected, we are getting a pull back to the MAs. I expect some further bearish movement before returning bullish.

Stops and Targets still standing.
Comment: My theory was correct, we had a bearish move down to the 21day MA before returning to the original bullish trend. Patience is key for me.

Comment: Still long on this one. Adjusted stop to 1.12010.

Comment: Adjusted my stop back to what it was in the start due to various news events. Almost got stopped out but I believe that this will continue it's previous bullish trend.
Trade closed manually: Closing out rather than letting it go all the way to the stop.
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