Another possible H&S pattern. Broke down below the range its been in since 2015 late December just to shoot straight back into it early January. Seems like quite a bullish move to me with potential to move higher up into the range again and this gives more confluence to a potential inverted H&S in the making.
Price is now at neckline. Needs to make a positive break and retrace before I will enter trade.
Trade active. TP1: 75.645 ( 61,8% fib and resistance ). TP ": 76.685 almost 100% fib and resistance level.
Trade closed: target reached:
TP1 reached. Stoploss to break even on second position
I have moved SL up to 76.072 which is 78.6% fib on last position.