FXPO nice little channel

This is from the share tips section from a few weeks back.
This is currently breaking out of a 123 low formation. This 123 low formation is made up over a few months so this should be significant as where its breaking out from is strong resistance.
use stops


dl.dropboxusercontent.com/u/4899609/fxpo7thnov.png

SL moved to below gap at 186.5 & its a free trade

Its also approaching I H&S Neck line so will encounter some resistance but I am hoping it will breakthrough

Long @ 178
SL below 166.8

Daily


Daily zoomed out showing I H&S

Long @ 173
SL below 164

your entry was after an IB
SL should be below the low of candle prior to IB - so should be below 184

Close half @ 203 and then let the rest run as a free trade...that way you will bank some profit & if it does rally on from there you wont miss on the big move!

GL in whatever you do

I got into this at 190.5 today. It seems to be rattling up along this little channel for the time being. I am in profit now and I have a price target of 202. Not too ambitious and not even looking for it to hit the top of the channel. That will net me 6% odd and i will take a rain check and be happy.

What do others think of this ? Where would you place your stops ? I find that question such a challenge What would your target be, realistically I mean without being too abitious ?

www.dropbox.com/s/b9ytqdt96ucqqu9/FERREXPO.png