Inverted Head&shoulders...

FX:CADCHF   Canadian Dollar/Swiss Franc
165 12 2
...targets .9150-.9210 area.
closed for small profit, will look to be at .8660
traderWgun traderWgun
motleifaul traderWgun
I still consider the shoulder as broken. Do you still think that this may be a valid H&S pattern?
motleifaul motleifaul
Sorry this comment doesn't belong to this chart..
motleifaul motleifaul
But nevertheless it seems that this pattern isn't a valid one any longer.
traderWgun motleifaul
yes it's invalid
Do you remain long despite the broken shoulder?
traderWgun motleifaul
The shoulder isn't broken if you ask me, yes I'm long against .8650
motleifaul traderWgun
It is a good price you got. In this case your strategy to preview the chance of a H&S formation in advance pays out.
Yeah, seems like a good setup, but trend is pretty strong. I am thinking of waiting for the retrace after a breakout
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