Small H&S for LRC/USD - Some Scenarios
Overall I am long on LRC, but am looking to add to the stack with some downwards action. Its small, but there appears to be a H&S that could take us to 2.50 or as low as 2.22.
EDIT: I should add, the H&S is drawn fairly steep and I expect it to move anywhere between my drawn downtrend and the downward trendline. I will cut my losses and buy back in upon a convincing break of this line, otherwise will be waiting for 2.30ish
EDIT: I should add, the H&S is drawn fairly steep and I expect it to move anywhere between my drawn downtrend and the downward trendline. I will cut my losses and buy back in upon a convincing break of this line, otherwise will be waiting for 2.30ish
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