I published in June 25th same setup, but my SL was to tight.
Now I'm trying to do the same.
Price just rejected neck line on Head and Shoulders pattern and start to fall down.
There is more...
0.618 fibonacci retracement
Resistance between 1.58150 -1.5765
In this place is also bullish trendline since February 2017 which was break in May and now is rejected.
On weekly chart last candle is a pin bar.
R/r = 1:1.36
Enter: 1.58
SL: 1.62
TP: 1.5250
Now I'm trying to do the same.
Price just rejected neck line on Head and Shoulders pattern and start to fall down.
There is more...
0.618 fibonacci retracement
Resistance between 1.58150 -1.5765
In this place is also bullish trendline since February 2017 which was break in May and now is rejected.
On weekly chart last candle is a pin bar.
R/r = 1:1.36
Enter: 1.58
SL: 1.62
TP: 1.5250
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