Idea Origination

Quote from womblevader:

NZD Looks abit like H&S to me, have attached a picture.

PS How do you get the pictures to appear as part of the message.

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Just shorted NZDUSD @ .5070
 
AUDCAD short

see chart

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USDJPY short.... chose to enter position in anticipation of DMA break - good range trading opportunity going on.



Hourly chart - the bottom support line was drawn conservatively on purpose. It could have been drawn at a much sharper angle but to ensure the proper profit-taking I tightened it up to capture the most recent low.

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Loony nice pattern of fast down slow up.

I've gone short as well. It looks like ranging against a sloping down line, maybe forming a downwards triangle. If that breaks may get more than you targeted pips.

Stopped out on my NZD/USD short, trailed to B/E + 10.

Do you track any of the currency indexes??
 

Attachments

Quote from womblevader:

Loony nice pattern of fast down slow up.

I've gone short as well. It looks like ranging against a sloping down line, maybe forming a downwards triangle. If that breaks may get more than you targeted pips.

Stopped out on my NZD/USD short, trailed to B/E + 10.

Do you track any of the currency indexes??
More...

Yeah, Looney looking nice here... though USDJPY killed me on same pattern breakout earlier, it went up instead of down.

I don't track the indexes. You?
 
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