traderWgun
Long

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
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traderWgun traderWgun
*buy
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motleifaul traderWgun
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
Sorry this comment doesn't belong to this chart..
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motleifaul motleifaul
But nevertheless it seems that this pattern isn't a valid one any longer.
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traderWgun motleifaul
yes it's invalid
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Do you remain long despite the broken shoulder?
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traderWgun motleifaul
The shoulder isn't broken if you ask me, yes I'm long against .8650
snapshot
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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.
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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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