JaredJJohnson

HUGE Head and Shoulders - 370 pips

Short
FX:EURGBP   Euro / British Pound
So far loving this set up, it goes nicely with the GBPCHF long term chart posted yesterday. The head and shoulder patterns on both of these look great, if these can play out 300-500 pips on both will be fairly easy to grab.

Conservative price projection puts a neckline break down to at least .7980 area, the neckline break out area is currently around .8350 so there's plenty of profit to go for here.

I will be patient and wait for a neckline break, start small and scale into this, looking for confirmation along the way to add to the position, targeting at least .8000

Jared Johnson
Union Hedge Funds
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