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Krystiannwk
Feb 22, 2017 1:45 PM

AUDJPY short after H&S pattern and XABC patter on 4H Short

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

After head and shoulders on 4H chart price tested the 50% mark and pull-back nicely on 4h and Daily chart. I see opportunity for short position with 2.0 risk reward ration. Pair should reach the 1.50% where third wave should be equal to the first wave.
Comments
Trader_Dale
I would take the TP at 85.60. There is a strong support level which may completely turn the market (just a few pips before yourt TP).
*You can have a look at some of my analysis at my profile if you would like. I made them daily.
Best of luck!
Dale
Krystiannwk
@Trader_Dale,

Thank you for pointing this out, it seems like that trading against trend is not that good idea as it may seem.

I definitely check your profile

very interesting charts

regards,
Krystian


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