BHP Billiton

H&S breakout
I went short this morning @ 1992 & its already in profit
SL is above the neck line @ 2025
Its also gone down below the 200 DMA

Closed half today @ 1902 & SL moved for the rest to 1935 which above todays high

This is currently fighting the down trend line and the 123 low.
another one from this weeks interesting charts

In your view is this now a buy since it's retesting it's break?

Shotry wrote: In your view is this now a buy since it's retesting it's break?

hi shotry
Im already long from yesterday and have taken profits and its a free trade for me now.
Im a short term trader so probably the worst person to ask about a trade if its long term your after.
Maybe go long on the gap fill???

This ones getting near the buy zone for a first attempt trade...Im going long at 1622 with a 25 point stop. This is a first attempt trade only and for me its a short term trade.
this is in this weeks tips section


dl.dropboxusercontent.com/u/4899609/bhp3rdjuly.png