EURCFH long term H&S

28 ส.ค. 2018

This looks like a long term trade setup. A big H&S that is in full play and at the moment the retest of the neckline is happening. From the looks it, seems like it is in a bearish wedge . I rather wait for an entry to where the blue line is going, because i think the price could still go there. But we need to see how this possible wedge works out. (this was from 2 days ago in a hidden idea)

Patience pays off, still not the perfect entry i hoped for, could still happen but looks like it is going to drop out of this channel soon. So would be a good one to short, start to scale in when the small trend line of the possible wedge breaks, even better, if the that green small green support breaks.

29 ส.ค. 2018

ความคิดเห็น

So far it's going perfect, Still had some support at the green area, but after it broke it made a good drop. So the wedge seems to be valid, so we should just drop more the coming days. The plan is a long term short, so along the way we can start to increase the pos.

31 ส.ค. 2018

ความคิดเห็น

Keeps on dropping, Target of the wedge is reached, long term target is not even close. I would use a tight trail stop for at least 50% of the pos now, can always buy back lower or higher.

4 ก.ย. 2018

ความคิดเห็น

Still looking good, but i have to admit, i am having some doubts now. It was a bit strange that we dropped in a straight line to begin with. That in combination with this possible support line, there is a chance something else is going on here. So to be sure, what i would do is take at least 50% profit (if you have not already done that) and trail the remaining with a tight stop. This could still become a bear flag, but i have a feeling something else might be going on

6 ก.ย. 2018

ความคิดเห็น

At the moment the bear flag looks real, still moving inside of it. This increases the chance that we might see follow through to the downside and that the possible support i talked about in the previous update, might just be temp.

6 ก.ย. 2018

ความคิดเห็น

So the bear flag broke, but at the moment still some doubt. I am still getting a wedgy feeling about his wedge :). Whatever happens, it should not get above the red zone

7 ก.ย. 2018

ความคิดเห็น

2 Simple choices here, take profit at this low or still use that orange as a stop. Still a realistic chance this wedge is valid.

10 ก.ย. 2018

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Today it opened higher and went back in the wedge again, increasing the chance it was a false break so it could just continue higher even the coming period. No clear signs now so best to wait for a better opportunity to trade it again.