Discussion in 'Technical Analysis' started by myminitrading, May 4, 2006.

  1. Inverse Head & Shoulder pattern.
  2. 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 which case i would cover my position at a small gain/loss and call it a day.