AU200 Short(Divergence) and Long (Inverted H & S) Setup

Okay so I have been monitoring the indices for some days now and I don't know why I was not trading them. Maybe because it was too expensive

The price action on most of them are so much easier than the currencies and the direction on most of them are very similar.

So how do we take advantage of this trade?

First the short. On the right hand side is the 4hr chart and we have almost a perfect divergence and confirmation is exactly where the price is.

So I am taking the short as soon as the exchange opens. Hopefully without gaps.

Now when you look on the left which is the daily, we can see an inverted head and shoulders set up confirming our 4hr divergence short to test the new higher low.

It has been a while seeing such a perfect setup. Definitely not missing this one. I will update chart once I take the trade

If you agree, please give this a thumbs up and if not, please comment and let me know your thoughts.

Good luck and thanks for stopping by.

Trade active

Comment:

Update :

Trade still in consolidation. Lets see if it plays out

Comment:

Moving now

Comment:

almost at TP. Getting ready for longs

Trade closed: target reached:

Comment:

Long played out perfect