EURUSD: Inverted Head and Shoulders Forming

Dec 2, 2018

EURUSD
Timeframe: 1D
Direction: Long

Confluences for Trade:
- Inverted Head and Shoulders Formation
- Stochastic not in Oversolld conditions
- Good risk-to-reward ratio
- Fundamentally, the positivity from Trump-Xi trade talks should give the market some relieve from the dollar strength we been seeing. Adding on Italy is showing some willingness to amend their budget to come to a compromise with EU budget ruling would also give a boost to the EUR.

Suggested Trade:
Entry @ Area of Interest 1.1300 - 1.1370
SL: 1.1256
TP: 1.1547
RR: Approx. 3.49 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Dec 3, 2018

Trade active

Dec 21, 2018

Note

Locked in half profit and move SL to BE. Run the remaining position totally risk free.

Jan 13, 2019

Trade closed: target reached