I'm a big fan of price formations on larger time frames. The EURNOK
is looking really nice for a 5,000-6,000 pip H&S
. I continue to watch the price movements and will look to trade a re-test of the 9.5000-9.6000 right shoulder area (that's to test the waters and perhaps land a great entry). The real confirmation is price closing below 9.2000. You can see the symmetry and H&S
projection areas. Let's get some pips. THIS TRADE AND OTHERS IS DISCUSSED AT DAYTRADERS FX
and a video walkthrough can be found in the DAYTRADERS FX ON-DEMAND LIBRARY
Lovely pattern, expecting some solid profits.