We are entering a cluster of resistance and so I am expecting some corrections.
I closed out for almost 400 pips profit and call it a day, since it is Friday the 13th...
Next week I expect a retest of the neckline on this head and shoulder pattern. The neckline is at 1.3900.
I will buy the dip.
If it holds, we will go up further, 1.50 is a good initial target.Also look at the MACD. It is opening up indicating momentum and it hasn't crossed into the positive yet, which will happen and round downward again when it is well in the positive.
Good luck!
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