Why is this so?
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Some of the reasons was stated in the Dec-13 post.
The pair achieved target and make a pullback.
A flash moved on Jan-3 make a huge reversal.
Price moved lower however failed to continue.
Price tested the inverted H&S and closed higher.
Price might move higher towards 1.6590 area.
Already LONG at 1.6052
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Trade closed: stop reached
SL hit. Stand aside waiting for next opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.