Here Is An Example of a Potential "Broken" Head and Shoulders

FX:EURJPY   Euro / Japanese Yen
Price should break out of this box, come down to reset on the top of the box (right "shoulder"), then take off long to our 2 targets.
quite a bit of resistance in the 134.30 zone. Everytime we manage to enter it we get pushed out quickly
EURObull ddp922
Yes, this is the zone where they decide to confuse people. The back and forth gets many traders whipped around. Longer time frame gives us the freedom to enter our trade and let it work out. The only time we would bail from this long is if CCI had a dramatic fall out below the (red) trendline it's held for the last 3 months.

Hope this helps.
EURObull EURObull
Yesterday was a great example of being nimble and taking advantage of that short when CCI broke down under the (red) trendline. I decided to exit my short yesterday right around the 133.20 because I noticed some spirited buying in that area. That caused me to take a serious look at CCI and if EUR/JPY would boost strong enough to get back into its long term trend line we've been following.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out