EURUSD inverted Head and shoulder. Long Set up

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The Eurusd has a head and shoulder set up which looks to be completing after today's fomc rate hike.

Combine that with the first phase of an elliot wave Long opportunity. and we might be looking at a Bullish move in price action.

a break above 1.08 is confirmation of these analysis for overall movement to the 1.13 price range

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ملاحظة

Price approaching my target, watch out for false break-out, once price has broken and retested the level above 1.0810. I'll take an entry position

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ملاحظة

Long Position now active. Take Profit: 1.114.

At this resistance level we should see a strong retracement back to our current level of 1.08.

Alternatively if the Short Position is to Prevail a close below 1.074 will signal opportunity to take Open Short Positions

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ملاحظة

Trade closed at 1.089