The instrument has pulled back to a broken downside resistance for a retest. This retest is also the H&S neckline retest.
The H4 chart is revealing the entry point, the stop loss level, and a target. The entry point should be at this market levels, the stop loss should be above the falling trendline, just above the 610 level and the take profit is 260.
RR ratio 1:2
Prop-trading! Last day for registration!
Andrews Pitchfork trading technical analysis education+Premium membership!
Forex managed accounts! Track verified managed accounts on MyFxbook!
FOREX MANAGED ACCOUNTS
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!