Thursday, November 25, 2010

AUDCAD Head and Shoulders Completed

Just a textbook Head and Shoulders pattern: (target of measured move is somewhere near 0.9600)

Wednesday, November 24, 2010

AUDCAD Forming a Head and Shoulder on the 4HR Chart

After a relentless run up in favor of AUD, AUDCAD is showing some signs of slow down and looking like it's forming a head and shoulders pattern on the 4hr chart: