julius.tilvikas
Short

Daytrading Head and Shoulders

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
87 0 0
While BTC             long term trend is bullish , I think today is opportunity for some small bonus correction trade.

Perfectly formed Head and Shoulders pattern is almost completed and supported by MACD and Stochastic . Price should break below 900. 880 is safe profit target, ~850 might be for brave cowboys. Stops shall be executed if price breaks above 930.

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