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StevenSng

Trading AUDUSD in a wedge. Simple Head & Shoulder

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
StevenSng Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
2
0
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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