Follow Up

As a little follow-up to this post, the break of the upside gave a maximum of 115 pips. Given that the short breakout lost, only a small profit would have been made but I would hazard a few more pips would have been available by using the horizontal line as support as it had previously acted as resistance. You can see a clear bounce on the picture beneath for around 30-40 pips.

I’ll keep my eye on any further patterns that I like and continue to make notes for future reference.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: