Daily and hourly charts - 5.30 am Malaysia
Still half an hour to go for the candles closing. Head and shoulder pattern is currently in formation at the hourly chart. I am expecting the neckline to be broken soon due to the evening star formation; which is a high reliability reversal indication; at the daily chart.
Should the price breaks the neckline, my target projection is at the next support (135.44).
Note: I will stop trading before US session and stay out during the NFP result announcement.
UPDATE:
4.00 pm - dull Tokyo market (:|
my sell position was stopped out at +15
now still waiting for the neckline to be broken :-w
11.20 pm - neckline broken [-o<
what else can I say :-"
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