-- There's no winner without lose --
- #13,722
- Jul 9, 2008 5:22am Jul 9, 2008 5:22am
Yes thats y i said "possible" and you should always wait for confirmation (a break of the neckline)
But i won't trade the euro long only waiting for a short. gl
no problems, my observation tells me that head & shoulder are just a distraction, it's a by product of something else that if you look closer, you'll find, and for me, anything that's less than 90% accuracy i'll throw out the door, and don't get the wrong idea, i'm not here to talk you into longing euros.. hehe... peace..
The H&S was only confirmation of a possible retracement/reversal on USD/CHF and related pairs such as the EUR/USD.I think the retracement is close to complete and now we might be getting ready for some south action.
- #13,724
- Jul 9, 2008 5:31am Jul 9, 2008 5:31am
USDCHF heading south or EURUSD heading south? 
EURUSD is just swinging wildly at the moment, i don't like it because it's not generating signal either side, but my indicator's still pointing north at the moment, but then, things can change rapidly, but i'm bored to death right now...
EURUSD is just swinging wildly at the moment, i don't like it because it's not generating signal either side, but my indicator's still pointing north at the moment, but then, things can change rapidly, but i'm bored to death right now...
