Friday, January 8, 2010

#19.13 on EG (L)

Short @ projected Right Shoulder
SL @ few pips above the HEAD
TP 1 @ H&S neckline
TP 2 @ H&S full target



EG become a double TOP with a neckline as indicated in h1 chart
TP1 @ neckline
TP2 @ height of double TOP




Decided to cut loss as market breaks the triangle to the top
And reverse position to LONG with target ADR

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