EU is paintaing inverse H&S, would it be able to break it?

14 Şub 2020

I've been watching EU for quite some time now. Just noticed that it's painting a nice little inverse head & shoulder pattern after a long downtrend. In order for this pattern to be validated, we'll need a break above 1.08550 level. I've drawn a neckline, so we can place our buy orders once a clear break out is seen. profit target can be set at a later stage as we will have plenty of upside to look at if we break 1.08550

14 Şub 2020

Not

Failed to break the neckline. this idea will get invalid if it breaks 1.08290

14 Şub 2020

İşlem aktif

Buy stop triggered at 1.08580
Stop loss: 1.08290. 29 pips.

15 Şub 2020

İşlem kapandı: durdurma seviyesi

Triggered buy stop, but didn't manage to keep the momentum going. hit SL.