JanKoristka

AUDUSD Head and Shoulders

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
As we can see on our H4 timeframe, we can expect Head and Shoulders pattern completion. It gives us trading opportunity with a nice 1:3 RRR . On the daily chart we can see how market nicely respected
0.5 Fibonacci retracement (twice). So I am looking for the HnS pattern completion and then I am going to be short.
Trade active: It has created double top pattern so we have much better opportunity for short now. We can expect 200-300 pips to the downward

Comments

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 Private Messages Chat Sign Out