A short-term bullish "Head and Shoulders" pattern is being estab

19 thg 5, 2014

A short-term bullish "Head and Shoulders" pattern is being established on the 4H chart. The right shoulder was established on Friday around 1.3690 offering a valid BUY entry with stop loss located below 1.3640. The bullish corrective movement will be targeting at 1.3800 as long as the recent bottom around 1.3650 remains defended by the bulls.