EU is paintaing inverse H&S, would it be able to break it?
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
Note
Failed to break the neckline. this idea will get invalid if it breaks 1.08290Trade active
Buy stop triggered at 1.08580Stop loss: 1.08290. 29 pips.
Trade closed: stop reached
Triggered buy stop, but didn't manage to keep the momentum going. hit SL.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.