DislikedYes its a decent trade, couple of traders here took positions on the euro in that zone. Target zones seem to be 1.4650ish but dont take my word on that, its just a place id be looking for an exit, if not earlier. Depends on your moneymanagement really and how heavy you are positioned.
@Enigma4x:
Yes head and shoulders has been there since the 6th of june on the 1hr for those who could spot it early, personally i didnt go short and im hoping for a larger break north. AUD/USD just flashcrashed on bad job data, but this is really what it looks...Ignored
thanks orbit for ya reply, yess you are brilliant (like always) that is only on my observation list.
don´t see any sign for short too and with my bullish bias I´m still waiting for an clear pa in this TF. But I´m open for all and my weapons are ready.
enigma4x
enjoy my life ... and ride the waves - all what I do