Big H&S?

11 ก.ค. 2017

After breaking the long/midterm downtrend (2015-2017) , an CADJPY is forming an inverse H&S. Today we have reached ist neckline - this is the Level to watch!
What to do with such a pattern?
Ideas:
Procyclical Breakout Longszenario: Stopbuy near above the neckline with TP1: 4 / TP2: parity/102 and a stopp perhaps at the 38,2 fibo at 85,7
Anticyclical Short: Sell the actual level with a stopp near above the neckline - tp could be the38,2 fibo @ 85,7

Watch the RSI! The likelihood for a tiny consolidation at the present niveau should be planned before the main move is coming :)
cheers and good luck

11 ส.ค. 2017

บันทึก

rsi is short before a buying signal the ema 200 could be a nice entry ?