traderWgun
Long

Inverted Head&shoulders...

FX:CADCHF   Canadian Dollar/Swiss Franc
165 12 2
...targets .9150-.9210 area.
traderWgun
3 years ago
eurcad showing a shooting star on 1D
snapshot
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ForceFollower
3 years ago
Yes, that's possible. Looks like poised to shoot up. However, before any financial commitment wouldn't you like to see some highs taken out? And the dwindling volatility, in my opinion, makes a case for a period of short-term range trading.
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machos
3 years ago
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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motleifaul
3 years ago
Do you remain long despite the broken shoulder?
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traderWgun motleifaul
3 years ago
The shoulder isn't broken if you ask me, yes I'm long against .8650
snapshot
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motleifaul traderWgun
3 years ago
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.
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traderWgun
3 years ago
closed for small profit, will look to be at .8660
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traderWgun traderWgun
3 years ago
*buy
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motleifaul traderWgun
3 years ago
I still consider the shoulder as broken. Do you still think that this may be a valid H&S pattern?
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motleifaul motleifaul
3 years ago
Sorry this comment doesn't belong to this chart..
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motleifaul motleifaul
3 years ago
But nevertheless it seems that this pattern isn't a valid one any longer.
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traderWgun motleifaul
3 years ago
yes it's invalid
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