Lanmar
Short

Clear H&S on EURUSD

FX:EURUSD   Euro / U.S. Dollar
The dollar looks like it will gain strength against the majority of foreign currencies. I am short EURO from 1.1840. I will add in purple.
Comment: If you missed the purple then wait for the breakout beneath the 1.1676 level. I suggest waiting for a daily close... but the 4hr close works as well as long as you're managing the trade aggressively.
Comment: Added at 1.1676 and continue to hold. In my opinion this will be a very smooth sail like it has been
Comment: Went long from 1.184. Broken H&S is a long signal

Comments

Great analysis.....well, as always.... :)
+1 Reply
Lanmar abundance28
@abundance28, thank you ;)
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Good stuff :D

Dollar drop in play this week (initially) but Euro not likely to rise much compared to others ...




I got my money this Head and Shoulders on AU is bogus -- easy money for the big boys though.

:)
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