Textbook head & shoulders in USD/CAD

Discussion in 'Forex' started by The Kin, Mar 10, 2008.

  1. Okay, so maybe it's a little rough around the edges but it looks like collapse is imminent. It's currently halfway through the throwback stage.

    It looks exactly (more or less) like the one which formed in GBP/JPY last December. The pair is now down 2000 pips. (unless my math is wrong)
     
  2. opm8

    opm8

    Stay long unless 0.9709 is broken and becomes resistance.

    opm8
     
  3. High and Low in a continous way for this week

    copy from "=" into Excel
    will compute the Low and High

    Try it


    High=-17343.6894374112+NOW()*0.593341696258762+NOW()^2*3.26916868138082E-06+NOW()^3*-1.81617301068035E-10+2*0.00622900515216043


    Low=-24498.4556392443+NOW()*0.838638929779898+NOW()^2*4.59420795006044E-06+NOW()^3*-2.56287099603126E-10-2*0.00588617477868762
    :D