AUDUSD Head and Shoulders

FX:AUDUSD   Australian Dollar / U.S. Dollar
443 9
I will remain neutral on this pattern since the FOMC is on Wednesday but more than likely will bounce on sunday opening and if DXY bulls push through the 100 handle, this pair will breakthrough the neckline of this pattern and dump heavily.
Trade active: Sold after the neckline broke
Comment: Target is 140 pips and stop loss is 45 pips
Trade closed manually: Trade closed for B/E. AUD looks poised for a short term rally.
Hello everybody,
Everyone is thinking about AUDUSD currency pair and here we go this is a nice video regarding to the pair, please hind this in the video
so why post analysis if you have no clue if its going up or down?
Reply trader515
stop trolling
+2 Reply
Thank you for your analysis ~ always with gratitude
+1 Reply alex.a
Thank you Alex.
A couple of things. There is definitely a 'clue' demonstrated here, which is bearish bias. Pulling the trigger on the trade is not a requirement for sharing an idea. Many traders wait for news to pass or price action to confirm the direction of their trade before taking it.

Also, most traders appreciate an idea being shared BEFORE the trade is taken in order to get a feel for overall market conditions or set limit/stop orders if they agree with the analysis. Otherwise by the time it's posted it could potentially be too late to even consider it.
Reply glennmercer
Hi there Glenn. Thanks for your feedback. Yes, as said in the description, I would short on the break of the neckline. I was just notifying followers when the neckline was broken.
Yes, thank you. I was responding to trader515's comment.
Reply glennmercer
My trades are merely ideas, not trading instructions.
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