EvanJones
Short

H&S Pattern still in play

FX:AUDUSD   Australian Dollar / U.S. Dollar
23 0 2
Recently I published the AUDUSD             was forming a H&S pattern although the left shoulder was still in formation and at times this can be difficult to determine whether this particular pattern is in formation.

Recently, I have confirmation from my analysis that this pattern is now ready to break lower, however to be conservative I've drawn in two necklines which would both need to be broken to confirm the H&S pattern.

I will enter a small trade size upon the break of the first immediate neckline/trendline break and then add if the lower potential neckline is broken to the target area indicated in the chart.

Keep an eye as I will update the progress of this trade. Remember, each planned trade should become a mini project and you should always try and estimate your entries, exits and whether your analysis is still valid.

For more information please sign up to my website in development to get exciting releases and information to aid your trading: http://www.ejfxtrading.com
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out