The EURCAD have formed a H&S bottom and broke the neck line on the H4.
I am buying @ 148,1 with S/L 147,1 ...no target yet.
the eur has dropped like a rock, whatever the outcome with USD which is little flue, if and when the 1,40 will be broken, the eurcad, need a release not necessary trend reverse but it is severely oversold.
now that a head and shoulder top is formed on H4 there should be a sensible bounce.
I am adding @148,5 and moving the stop to 147,9.
target 149 for 1 lot and 150 for the other.
revised target 149,30...not 149.
will trail stop after 25 pips.
closing first lot, 149, 42.... (132 pips)
moving s/l for the second to 148,9
Last edited by charles
on Fri Jan 22, 2010 3:19 pm, edited 11 times in total.