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machos
Apr 8, 2014 3:41 PM

EURCAD - Head and Shoulders Long

Euro Fx/Canadian DollarFXCM

Description

Not a clean H&S, so tighter stop and larger risk reward. Also, this is a early entry - the neckline has not been broken yet, so not a complete H&S - so again risky play, keep in mind.

2 units, 1 TP at the resistance at 1.52 (3RR) and the other at 1.526

Comments
machos
Hit first tp, waiting on 2nd
machos
Cool - almost hit 1st TP
machos
Almost SL'ed today, but held, might be forming a triangle
machos
I probably should have waited for a break of the neckline...let's see how it plays out
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