Fxprotrader
Long

AUDUSD Pending Head & Shoulders Pattern To Push Price Higher

FX:AUDUSD   Australian Dollar/U.S. Dollar
Price is in a consolidation heading down where will soon reach a key level and complete a reverse head & shoulder pattern. We may enter at the level of previous shoulder for a much better risk/reward trade or wait for price to reverse and break the neckline of the pattern.

Comment: Breakout of trendline and retest..
Comment: Beautiful up move with more than 300 pips gain. I exit this one as i believe we will soon have a reversal. I posted a new idea on this market..
I love it
Is the bounce coming of a fork?
Reply
Fxprotrader Ichimoku_Trader
That's right mate.. But i won't go long without a buy setup forming in alower timeframe..
Reply
Ichimoku_Trader Fxprotrader
good to know
Reply
Nicely formed Inverse H&S :)
Reply
Thank you SkyEk..!
+1 Reply
Are you in now?
Reply
Yes..
Reply
What's your target. I've been long since 0.7164
Reply
I will trail this as i believe that it has a big potential up move.. So no profit target.. As far as it can go..
Reply
SkyrEk Fxprotrader
Agree, breakout retest yesterday, went even high today after Aus GDP.
+1 Reply
It has good potential for more upside
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out