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khansalarehsan
May 10, 2018 7:32 AM

All the way from a H&S to an Inverted H&S !!! Long

AUSTRALIAN DOLLAR / NEW ZEALAND DOLLARICE

Description

Dear colleagues


Only one chart on this AUDNZD Long trade.



I have been short this pair from the top of the channel following a H&S formation.



Here is the chart:







Now see how this pair made a false breakout of the blue channel followed by an Inverted H&S this time.
Do not forget the NZD news yesterday which made this currency even weaker that it was before. Overall we may stay at BE for a few days because of AUD but eventually NZD has a lot of room to depreciate.


Thank you,

Khan

Trade closed manually

25 pips profit
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