currently waiting for a formation over 1.2520 for longs
stevewalker posted: formation completed for sHs ( shoulder Head shoulder ) when price make an immediate revesve move (long move for this example) as soon as breaking the neck line( red tick straight line ) of sHs this called 'bear trap'
lvhoang posted: Hello Steve,
Could you please explain what you mean by 'Bear trap' and 'Formation complete'?
I look at the technicals it does look like it can fall to 1.2470-80....
For now I think I may have to stand aside then maybe Long tomorrow around this level 1.2480...
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