Worse case scenario hopefully this is just a channel break and there's a trade to be had at the break of the channel. However I would love to see one more small leg of confirmation and see if this can turn into a head and shoulders pattern.
I want to see 60-80 pips of profit, I'll short at the break of the trend line/quasi-neckline.
.8525 is a great short term target/area to move stops into profit. Speaking of stops, initial entry should have stops above the recent highs.
I want to see 60-80 pips of profit, I'll short at the break of the trend line/quasi-neckline.
.8525 is a great short term target/area to move stops into profit. Speaking of stops, initial entry should have stops above the recent highs.
Jared Johnson
Union Hedge Funds
Union Hedge Funds