Break of neckline{EUR/USD}
Looking for a buy after break of neckline on head and shoulders pattern. Looking to take profit just before 1.62 Fib retracement level. Putting stop loss just below neckline.
Reasons for bias:
Bounce off elevating trend line
Head and shoulders pattern
Bullish stochastic on daily time frame
Bounce off 60 EMA on hourly time frame
Reasons for bias:
Bounce off elevating trend line
Head and shoulders pattern
Bullish stochastic on daily time frame
Bounce off 60 EMA on hourly time frame
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