Weekly SHS Top : break of NL in motion now- Last 1.6092. Low today thus far 1.6076
- SHS parameters : Head 1.7042; distance from Head to NL = (1.7042-1.6046) = 0.0996; NL breakpoint = 1.6166; SHS top objective = (1.6166-0.0996) = 1.5170
- Added to short at 1.6161 tonight. Existing short = Foreplay. The real trade starts here, now.
- Abort if SHS pattern invalidated on weekly close.
24 September 2009
GBP/USD : SHS Top in Play
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