StevenSng
Short

Trading AUDUSD in a wedge. Simple Head & Shoulder

FX:AUDUSD   Australian Dollar/U.S. Dollar
37 0 2
FX:AUDUSD             Now AUDUSD             is forming a wedge on a daily timeframe , saw a easy head and shoulder trade, to short the pair targeting the 618 golden level & previous structure.
Trade active
Comment: Re-entry after NFP. Bad US data should allow us to see a nice move down/
Trade closed: stop reached
Comment: A badly placed neckline & SL proved to be costly. Lesson learned. Otherwise a good setup
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