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EURO Head & Shoulder top Reversal? 400 pips coming?

by indextrader

Euro futures (e7m9) showing signs of H&S reversal. Pattern also showing up in GLD (ygm9) and as an Inverse H&S in Dollar (uup). 

Target of this trade would be the distance from the head to neckline (1.43 to 1.39=400 pips) subtracted from the necline ( so 1.39-400 pips=1.35).

This entry was posted on Monday, June 15th, 2009 at 11:39 pm and is filed under Forex Trading, Futures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. | Email Us

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