ChrisThein
Short

AUD/USD Short 240/Daily Head and Shoulder Pattern

FX:AUDUSD   Australian Dollar / U.S. Dollar
Price is coming into a low risk high reward situation. There is some RSI divergence on the Daily with a Head and Shoulder pattern setting up. I'm going to take a shot and short around the .886 fib at .7698. We also have whole number psychology resistance at .7700 with the RSI going into oversold territory on the 240min. I'm putting my stop just above the swing high at .7730. I'm looking to take profits down at the .7500 even handle. That's the neckline of the Head and Shoulder Pattern as well for another long term shorting opportunity. Good luck trading out there.
Comment: I'm moving my stop to .7680. Price rejected the level nicely.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out