AUDUSD - How Would You Trade This

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             just put in a nice head an shoulders pattern. How would you trade this? Short now? Wait for a break of the neckline? Look for a retest of the right shoulder?

Tell me your thoughts.
Twitter: https://twitter.com/Jason_Stapleton
Youtube: https://www.youtube.com/channel/UCGb8MACx0aG8ciMnPxnphdg
Instagram: jasonstapleton0321
there's the call sign bullish to 0.94
hello jason (and good morning)
i thought it's false reply from me ,your question is how would you trade this,
Maybe its better first to retest the right shoulder.
wait this one out see where the next high or low resides on re test it's not such a clean cut HS i'd be more inclined to buy this right now.

First, the price action short (break through) happen on 3 july is heavy and now is back to the level to retest and got rejected confirming the level is solid. So, if you were to trade this, lets start to build the case to entry.

There are 2 advance pattern forming in the process, which is cypher and bat pattern, together with an ABCD at the CD leg.
Risk reward at this price (0.9397) is about 1:1.56, which is not so good for me. So, I will enter the trade if the price retrace close to 0.9420 (R:R 1:3.7) to SHORT.
If the price not reach, then I will pass on this trade and wait for the pattern to complete, then will see.

good luck!!
Wait for it to come back and retest the 9397 mark then get involved with the short...(may not happen)
Giving tight stops with the highest risk vs reward ;)
go down 1 timeframe and count the legs and look/wait for failure.
wait for the break of the neckline, stop above 0.9493 and first target at 0.9210, there is a negative risk/reward ratio. I dont take that kind of risk, personally.
Well done Jason! I would prefer to short at this level because the resistance level seems very strong and candles are also in favor of shorting.
hello jason
it looks like sort aprox 093750-or 093680
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
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