Wonderful reversal coming along in the EURUSD chart, although this will be largely dependent on developments in the UKs Brexit discussions. This is very inconvenient to the success of this trade, as the results are binary in nature. The H&S patterns are high probability trades with an optimal Risk:Reward. Seeing the EURUSD chart, this trade may generate 2%+ while risking a loss of 0.4% with a high rate of success based on past patterns. This trade is also considered short-term in terms of capital commitment as you may be stopped-out very quickly making the pattern invalid, in which case, move on.
Trade stängt: Stopp nått:
Turns out it was a false signal. Its great that we didn't lose much on this trade! Nows the time to look into other currencies for trends and patterns.