(Click On Chart To Enlarge)
From December 13 entry:
"This morning, in the hourly chart, FXP broke out of a Bullish Inverse H&S neckline, at 73.95-73.99. As long as FXP trades above the neckline, an upside target of 86.16 is IN PLAY. "
The FXP is up 39% in under two weeks, and it's up 16% from its Bullish Inverse H&S breakout a few days ago. It just traded at 86.00. Targets only are estimates of what we're aiming for, and that's certainly close enough to the target to "Take At Least 'Some' Profits When Targets Get Made," especially when it happens this quickly. Very nice!
1 comment:
(seems that I am not in the "execution" modus).
Thanks, Oliver. That happens to me sometimes, too. I'll see something that I like, then sit here hesitating or looking at something else until I've missed the trade. LOL.
Post a Comment