Initially unsure of whether price had found a new support and was going to spike up.
After the high of the second shoulder (3) met the high of (1) without breaking it I figured it was a head and shoulders reversal pattern and went short.
Risked 7 pips for a gain of about 30 giving ~9.84 RRR.
After the high of the second shoulder (3) met the high of (1) without breaking it I figured it was a head and shoulders reversal pattern and went short.
Risked 7 pips for a gain of about 30 giving ~9.84 RRR.