That's the standard measured move.
It would seem we're using 2 different necklines.
I'm using the horizontal/symmetrical @.9295
And you're probably drawing a ascending line that hits about .9400/25
which would account for the 100 pips.
Be interesting to see how this plays out.
thanks!
coopfx
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No problem :). I cant find the send private msg button, but do you keep an online log of your trades as well?
dojitrader
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Curious how you are measuring the H & S ?
I show that it should complete closer to .8800 area.
so, about 100 pips to go ?
thanks for your thoughts.
coopfx
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I appreciate your comment. I know not everyone agrees with this, but i measure the height of the head (top of head to the neckline) and then extend it beneath the break of the neckline. It's my minimum projected target. And since i have reliable confirmation to the upside, I plan to use the minimum target as the baseline for a quick bounce, therefore i'm long audusd with stops in place.
Note: Aus unemployment in ~5 hours, and monetary minutes on monday 12/16.. It will definitely effect price so plan accordingly.