Sign of an Head and Shoulders
is definitely on the radar right now. We just broke the neckline and in technical term I am short. I am very careful though with Japan election next month and QE
infinity over there makes me nervous, but tight stop is in order. From here expect support on 23.6% Fib at 130.78, but my target is the 38.2% Fib at 129.80.
We break 130.78 and my stop will be brought to entry level and then will enjoy a free risk trade.
Good night and God Bless