EURUSD Head and Shoulders trade on daily chart
A beautiful head and shoulders pattern is forming on daily. I am jumping the gun a little bit and placing an order at the top of the right shoulder instead of waiting for the neckline to break.
Do your own decisions on this one. Here is the breakdown of the trade:
Entry price: 1.1900
Stop price: 1.1950 (500 pips)
Target price: 1.1375 (5250 pips)
Risk/Reward ratio: 10.5
Good Luck!
Do your own decisions on this one. Here is the breakdown of the trade:
Entry price: 1.1900
Stop price: 1.1950 (500 pips)
Target price: 1.1375 (5250 pips)
Risk/Reward ratio: 10.5
Good Luck!
Note
Cover half around 1.16 and move stop to 1.1825
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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.
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.