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Think it was a good call to wait for the 27th. The move has rendered the trade redundant.

Target met in a swift sell off by midday.

Agreed. And I anticipate that would be the case. However, I think we'd only trade it after it confirms. However, because prices did not hit the assessed level, I'd like to revise my entry point to 1.0783 (for February 27), with a hard stop at 1.0750. The first target remains the same.

I started my trading from Forex (spot) and, therefore, sometimes I am prone to missing out on the volume indicator. However, I would really like to wait and see or take small targeted trades, till the time that the H&S is busted. I don't think that it should be ignored. Just a thought.

USD/CHF Current Rate: 1.0848 Prices falling in a potential channel (See attached Image). We hope to see some support at the channel line support coinciding with the 138.2% extension level (around 1.0808) of the first move down forming the range of the potential channel from the high on...

February 23, 2008 Current: 1.9931 GBP/CAD shows a good tendency to move in channels. In the last part of the chart, we have started a channel line by joining the two minor lows at A and C and then putting a parallel line on the top of B. Fib Extensions are taken for the move from A to B...

LOK: I'd like to see it come to around 197 where i'd like to go long. I'll exit all lots if the price closes below 172. My first target will be 320 (BSE Figures). GMR: I am already in GMR with a stop at a close below 138. Targeting 250.

Just an alternative view folks. Would like to know if this Head & Shoulders should be ignored? Please also note the low made in the RSI. Comments will be most welcome, please. Cheers!