tradingdiaries
Long

Reverse head and shoulder formation

FX:AUDCAD   Australian Dollar/Canadian Dollar
The AUDCAD             shows in my opinion a reverse head and shoulders formation and could be break out to the upside in the near future.
Near the necline is a resistence between 0.9580 and 0.9600. This area was tested back in march this year and november last year. Also around May the price moved around this area.
I will watching this close and update if a good opportunity for a trade is showing.

Thanks
Dennis
Comment: Today the price broke through the neckline so I will wait for a pullback and eventually jump in the trade then.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out