LONG ERUUSD AT CMP 1.2397

The pair might reverse after reaching the head & shoulder target (see tag). There is bearish divergence, double bottom and previous structure has held on shorter timeframe. Target is at 50-61.8% retracement, stops below previous lows.

Trade Type: Trend Reversal
Price: 1.2397
Target: 1.2457
Stops: 1.2354
R/R Ratio: 1.5