LoneWolfCapital

Daily Double Top + Hourly H&S Pattern - AUD/USD

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Confluence Factors:

1. Double Top on Daily

2. Close below 50/60 EMA on Daily following a long-legged doji on 3/24/2015 via Daily Chart

3. Rejection of Key Weekly/Daily Resistance at .79000

4. Head & Shoulders Pattern on Hourly Chart

5. Trade is in agreement with overall Monthly/Weekly Bearish Trend

Comments

hey activetrader, Is it still possible to get into the trade or did I just missed it? Thanks !!
Reply
LoneWolfCapital moneymaking
Look for the pivot point at .78600 for a nice entry!
Reply
cyert LoneWolfCapital
If we get the pivot will you be putting your stop above the 3/24 candle or the 3/25?
+1 Reply
I have my stop planned for the high of the 25th due to being protected by the long term trend line also
+1 Reply
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