I am short @ 1.4070 as I planned last weekend. I placed my stop above the neckline of the Head and Shoulders (H&S) depicted in the one hour charts (H1) that I attached to this post. I attached the H1 chart from the weekend to show what a retest looks like. When a significant technical level like a neckline of a H&S is violated it is usually retested. Well, that it was we got today and if it holds as resistance my target will be 1.3820. If this trade works out I will post to twitter when I move my stop down.
I want to thank everyone that has provided me with feedback. It is greatly appreciated and it has helped me improve my trading and this blog. I hope my commentary has helped.
I want to thank everyone that has provided me with feedback. It is greatly appreciated and it has helped me improve my trading and this blog. I hope my commentary has helped.
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