M-royce

Potential Long oportunity for AudUsd??

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The Aussie has been bearish against the Dollar since 19th April (or Dollar has been strengthen).

0.7505 is the key level of support.

I am "betting" that Head & Shoulder pattern is likely to form **IF the coming 4hr candle closes with a long tailed bullish Pin.

Will update my Entry, SL and TP in an hour **IF it is a bullish Pin.


** Please do your own due diligence **
** This is not a Buy / Sell recommendation **
Trade active: Enter on market
SL : 0.7400
TP : 0.7588
Trade closed manually: Closed my trade manually for +0.4r as hourly candle closed below 0.7505

Call it a week and will have a brand new start next week.

Trade History for May:

Dowjones (+0.7r)
AudUsd (+0.4r)

Comments

Watching exactly what you have described in your plan. Good plan!
Reply
M-royce gillianpatrice
@gillianpatrice, thank you
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out