16 May 2013

EUR/USD : Stalking SHS Top

  • Potential SHS top formation on weekly and daily charts.
  • Neckline at 1.2770. Sell the break. 
  • As always, don't be early. Wait for the NL break, so you get a cheap trade with stop close above NL. Early = potential for whipsaw and poor risk/reward.
  • A bit premature now, but bear in mind this is a potential 1000 pip trade.

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