29 December 2011

EUR/USD : SHS Top in Action

  • Long awaited move (weekly SHS top) looks like finally under way. Reminder of key chart points ahead :=
  •  Neckline = overhead resistance = stop out point 1.3230.
  • Jan11 low = 1.2859 (now trading 1.2873).
  • Aug10 low = 1.2587
  • Jun10 low = 1.1875
  • SHS downside objective = 1.1263
  • This is one where fundamentals and technicals agree. Go for the jugular.

1 comment:

ryan said...

Hi TS,

Happy New Year and thanks for all your sharing. May 2012 usher in prosperity and joy for you.