Buying AUDUSD In Pullbacks - Inverse Head and Shoulders Pattern
Good evening Traders,
I was waiting for a long time for a bottom in the AUDUSD.
Now finally the AUDUSD made a very nice inverse head and shoulders pattern and even confirmed it.
It broke the neckline to the upside. I want to buy it later on in a pullback in a lower timeframe, maybe this week. Lets see. Hopefully, we get a good entry in a lower timeframe.
I will update it once we get a good entry.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
I was waiting for a long time for a bottom in the AUDUSD.
Now finally the AUDUSD made a very nice inverse head and shoulders pattern and even confirmed it.
It broke the neckline to the upside. I want to buy it later on in a pullback in a lower timeframe, maybe this week. Lets see. Hopefully, we get a good entry in a lower timeframe.
I will update it once we get a good entry.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Comment:
And like I said AUDUSD pulled back I like the long now.
I will risk 1% on that. Lets see.
Comment:
I move my stop to breakeven and I recommend you to do it also, or you can also lock some profits if you want
Trade closed: stop reached:
Stopped out at breakeven