Discussion in 'Technical Analysis' started by myminitrading, May 4, 2006.
Inverse Head & Shoulder pattern.
short @ 1.2165 based on daily chart.
stop area around 1.2248; limit area around 1.2000.
like my aud/jpy trade from yesterday i believe there is a hint of further downward follow through on this.
worst case scenario, it will bounce off of 1.2100 area support showing a inability to go down any further...in which case i would cover my position at a small gain/loss and call it a day.
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