EU has made the move down that I tried first thing this morning.
I am now going to try it again on a pull back.
EUR / USD is in a down trend.
The head and shoulders pattern is show below.
Chart below:
Price on the medium term chart is show a nice down trend that has pulled back to the 50% Fibonacci level.
Chart below:
I am looking for a short entry as detailed below.
Levels and Chart Below:
1st Entry:1.2890
2nd Entry: 1.2910
Stop Loss: 1.2950
1st Target: 1.2650 (5%)
2nd Target: 1.2540 (7.2%)
I will update again if the trade is triggered.
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