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- MelbTrader replied Sep 29, 2011
Just a look at a new channel we might be in. It looks like we have a clear break of trendline resistance, but whether we go back down to test it as support or head for the upper trend line is up in the air
- MelbTrader replied Sep 28, 2011
I know traders tend to see H&S patterns everywhere, but it's possible there is a very large one forming on the 4 hour charts. We've had the left shoulder and head, and are building the right shoulder, with the neckline all the way up around 1.39
- MelbTrader replied Sep 28, 2011
This isn't the chart I use but one I just drew up. I'm referring to the breakout of (what I see as) an inverse head and shoulders formation at 1.3550, the initial target being just above 1.3660 which corresponds to a downtrend resistance line and ...
- Posts by Member Search: 'MelbTrader'