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VasilyTrader
Jan 15, 2019 4:41 PM

head and shoulders pattern on audusd Short

Australian Dollar/U.S. DollarFXCM

Description



hey traders,

great trading opportunity for you this evening:
audusd has recently reached a decent level of resistance and we see how bulls are becoming weaker and weaker.


and now we see a head and shoulders pattern.
the violation of a neckline is a perfect reason to open short position.

your initial target is based on the pattern range.
and the second target is based purely on structure.

stop is above market high.

good luck!

Comment

market is going down

Comment

retest of neckline

Trade closed: stop reached

after hitting the initial target we quite
Comments
infin0
i like your style.
VasilyTrader
@infin0, thanks man!
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