Failed Head and Shoulders Breakdown on FXE

Interest rate sensitive stocks reacted to dovish FED meeting minutes in the last few trading days. In general, 30 year bond ETF TLT rose and broke its head and shoulders bearish pattern. Its stock chart did not confirm the head and shoulders breaking down either, as the Euro currency ETF FXE did. However, FXE's breaking down was short-lived. It started to stabilize and generated a sideways and upward bias as shown in the chart below. Although I got a chance to hedge the changing of direction with a short put and collected a small premium, FXE shot up on last Friday, forcing me to exit this trade as it broke above my stop loss point.

Other banking stocks were a bit weak as well. BBT fell below its lower up-trending line support as well. So I decided to exit last Friday.