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M-royce
May 16, 2018 4:09 AM

Potential Long oportunity for AudUsd?? Long

Australian Dollar/U.S. DollarFXCM

Description

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
gillianpatrice
Watching exactly what you have described in your plan. Good plan!
M-royce
@gillianpatrice, thank you
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