Head and shoulders reversal pattern on the daily. The Head of the pattern occurred at 50% retracement of the last major range. For my trading strategy this adds weight that the pattern could be successful. The right shoulder retraced 50% from the low of the head to neck line. 100% extension is the first target and 2nd target is the projected head and shoulder pattern completion.
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Target 1 hit. Moved stop to break even plus (9600)
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