Hunter
Short

HEAD and SHOULDERS "TOP" ON THE EURO

FX:GBPUSD   British Pound / U.S. Dollar
74 4 0
I'M SHORT THE GBP/USD             ......

CHECK OUT THE LEVELS ON THE CHART WHERE I'M LOOKING TO EXIT.


GOOD TRADING,


HUNTER
Position is closed....
Reply
Hey dojitrader....thanks for commenting on my post. You know I tend to go for the first probable target that showed strength on the way up. I do that to minimize the headache of the Bulls trying to drive prices back up. In my case I can cash in some profits, and then reassess that level and see if the Bulls will put up a fight. I like the idea of cashing in profits and having the flexibility to re-enter if I see a continuation in the direction I'm biased towards.
Reply
Selling rallies is also what I'm looking for, but,
I was wondering . . . If this is a H&S, which is a bit of a stretch
for me call this a valid pattern - but I digress ---
Just doesn't have the symmetry/harmonics for me:
Is there a reason you would not hold at least part of your trade
for the measured move which projects down to around !.6200 area ?
Thanks for your thoughts !!!!
Reply
dojitrader dojitrader
I meant 1.6250 ~~~~~~
Reply
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