-Bullish rally extended on Inverted head and shoulders breakout. -Price hit 0.9280 resistance level, showing pin bars at resistance -A pullback looks likely for a possible retest of the broken neckline, target near 0.9135. -A break above 0.9280(daily closing) may negate the pullback scenario extend the upside initially to 0.9349(1.618 extension). -Full target of the pattern is above 0.9450.
Great chart! I totally agree. I'm waiting for a retracement to 0.9100 - 0.91500 to enter long. I do not want to play a short until there, because the risk/reward doesn't seem that great.
easygojoe
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Err, I meant overbought. LOL
easygojoe
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I'm short on this from .9230; Interestingly it's almost at the 150 sma, so selling short is with the trend imo. Plus it's oversold.