craigwegener21

Long Inverse Head & Shoulder

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
-4 hour Inverse Head & Shoulder
-1 hour Bullish Flag
-0.74720 Key Support Level / Right shoulder
-0.7632 Key Resistance Level/ Take Profit
-Strong Divergence

Note* After trade is in profit of 30 pips move SL @ Break Even or never level of support

-After price "jumps the creek" we are expecting a retest also known as "break the ice" to continue up, and for the 200 & 50 EMA to cross to give us more confirmation ,IF price fails to jump the creek and resists, trade is invalid
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.