On 18th June 2008 in the morning at 7:50pm I checked the how forex market is doing. I opened the EUR/USD hourly chart and saw a very perfect pattern. However I dont depend on it but it was a good sign that the chart is going to tell you the truth. Well there you can see head and shoulder pattern. There is a very nice double top which was perfect to catch a nice trade. Pivot point is at 1.5471 and it indicates further upside and the support at 1.5494 indicates there was a stronge support area that i took into consideration. I gave the price few minutes to touch the support level and then it bounce back then I opened the position at the upward trend line resistance area and sold again at the support area. Easy Trade within just 15 minutes. 6 pips is a nice count. More screenshots coming soon
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