A Traders Dream?

27 lip 2016This illustrated H&S would be a Traders Dream! Will the pair take the direct way up to the Box`s upper edge or will a H&S be formed?
prices > 1,4722 --> next TP = upper edge @ 1.4775
H&S Targets: 1.4792 (min) / 1.485 (max)

COMMENTS ARE WELCOME! AGREE OR DISAGREE


Former analysis:
Reached again an action Point

The pair reached the bottom of the in my last Analysis mentioned Trading Box.
Now there are two direct positions possible.
1. Anticyclical Long at the actual Level --> TP = upper edge of the Box
2. Cyclical Stoppsell near below the box`s bottom--> TP= 1.453

All Prices above the box`s upperedge is a longsignal

Caught in the Box

We see euraud ranging between 1.4655 - 1,4775
I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable.
The risk loving anticyclical Investor could open a shortposition at the actual Level.
All 3 positions are drawed into the Chart.
I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!)

Comment. hahah...filled the short, reached target - built an H&S, triggered --> prices > 1,4722 --> next TP = upper edge @ 1.4775



It`s just my view -trade your own view :-)

28 lip 2016

Komentarz

reached tp @ 1.4775 on the direct way..

2 sie 2016

Transakcja zamknięta: osiągnięto wyznaczony cel

reached TP (max)