EUR/USD Supported; Inverted Head and Shoulders Forming

I guess I am saying, be ready for breakout on either side, but make sure to lock in profit.

My thinking is, a breakout from this week's consolidation should lead to a strong swing - there shouldn't be much of a pullback before you can get a good profit locked in. If the break is followed by a deep pullback, it might make sense to at least break even.

Of course doing this gets you shaken out by those breakouts with deep pullbacks that eventually extend into breakout direction, in which case, you have to have another assessment and plan.

- Fan


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