MaryJane
Long

A Traders Dream?

FX:EURAUD   Euro Fx/Australian Dollar
433 4 39
This illustrated H&S would be a Traders Dream! Will the pair take the direct way up to the Box`s upper edge or will a H&S be formed?
prices > 1,4722 --> next TP = upper edge @ 1.4775
H&S Targets: 1.4792 (min) / 1.485 (max)

COMMENTS ARE WELCOME! AGREE OR DISAGREE


Former analysis:
Reached again an action Point
Reached again an action point

The pair reached the bottom of the in my last Analysis mentioned Trading Box.
Now there are two direct positions possible.
1. Anticyclical Long at the actual Level --> TP = upper edge of the Box
2. Cyclical Stoppsell near below the box`s bottom--> TP= 1.453

All Prices above the box`s upperedge is a longsignal

Caught in the Box
Caught in the Box

We see euraud             ranging between 1.4655 - 1,4775
I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable.
The risk loving anticyclical Investor could open a shortposition at the actual Level.
All 3 positions are drawed into the Chart.
I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!)

Comment. hahah...filled the short, reached target - built an H&S , triggered --> prices > 1,4722 --> next TP = upper edge @ 1.4775

snapshot

It`s just my view -trade your own view :-)



Comment: reached tp @ 1.4775 on the direct way..
snapshot
Trade closed: target reached: reached TP (max)
snapshot
perhaps here willbe a bigger head and shoulder
Reply
MaryJane andras1229
where?
Reply
andras1229 MaryJane
http://www.screencast.com/users/kisbandi/folders/Default/media/558fedd7-7bca-4079-94fd-8bc73894854c
Reply
MaryJane andras1229
thx :-)
Reply
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