As I am writing this post price is breaking through neckline of Head And Shoulder pattern. I will go long after a retest of this level with a target of 1.4260 which is the 161.8 Fib level. If price fails to hold above the 1.4118 after a break I will look to take a small short. Stay tunes for live trade updates on twitter.
6 comments:
Hello Travis!
I came across your blog and found that we have a common interest in the EUR/USD! I myself am an aspiring forex trader, and I mostly trade the EUR/USD.
It's interesting how you have spotted a head and shoulders pattern. I am looking at the market right now as quite range-bound, waiting for a breakout(perhaps to the longside?)
Anyway, I hope we can collaborate. My blog is at http://gulzaarfx.blogspot.com.
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Yo Travis,
Where did you go, caribian islands perhaps as it´s holiday season in europe ?
Now, I hope that you were long with any of those massive yen crosses. I like this correction market, but unfortunately eur-usd has been pretty lazy to participate. Perhaps tiny more bounce to the up, then plunge to 1,3450 area ordered in here.
http://just-charts.blogspot.com/
Hi
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