Monday, January 7, 2013

Euro Ready to Launch Upward on IHS pattern?

One thing I have noticed....the Euro regularly ignores Head and Shoulders and Inverted Head and Shoulders Patterns.   

however, I drew this blue line months ago, and now it is in play.  

A backtest of a large IHS pattern.    No guarantees, but adds caution to any super bear positioning. 

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Insightful and Useful Comment!