Quick H&S scalp AUDUSD

Looks like a decent H&S in the making here. But, the rally prior to it was very strong one. So it could turn into a bullish wedge, but when looking at the daily, it could be the short term high is already set. I have 2 targets, as you can see the trade i posted and the second one i will use is the yellow circle. I am waiting for a better entry, like the blue line.



Previous analysis:

Comment:

Made a quick move up, so i am still waiting for some weakness. Break of this trend line on the left might be a good one. Seeing it move a bit like the blue line, than i will tray to get in with half. It has to stay below the red zone!

Trade closed: stop reached:

Opening now way above the stop price. Seems that big inverse H&S i had in mind a week ago might be in play again. But could still turn into a bearish wedge, depends on the pullback and the next push up.