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JohnConaway
Jun 15, 2016 8:31 AM

IH&S Attempt with Crab Long

Australian Dollar/Canadian DollarFXCM

Description

Needs to break B point to activate fully. Notes on chart

Trade active

We broke through the neckline cleanly & then even back tested it a little. I'm expecting some resistance ~.96 - .963, then .965 as we work through some prior highs/rejections & fib extensions. Let's see how it goes, always be sure to follow your rules :)

Comment

Came back & retested breakout, held right shoulder (traditionally the low of RS is best place for SL placement), & back above neckline again.
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