rs7gram
Short

AUDJPY head and shoulders

FX:AUDJPY   Australian Dollar / Japanese Yen
Incomplete right shoulder. Head was also a bounce off of global channel's trigger line. good entry because it's close to right shoulder's top, where stop loss should be placed, making the risk much less. Planning to trade until the pattern is completed. A more risky strategy would be to keep holding for further bear movement.
Trade closed: stop reached: never mind lol, apparently Elliott is stronger than Head and Shoulders

Comments

Careful as head and shoulders pattern hasn't formed yet.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out