AUD/USD Reversal H&S Created , Short Soon After Confirmation !

Jul 28

Here Is My 4H AUD/USD Chart And Here Is My Opinion , If we checked the chart we will see that we have a clear head and shoulders reversal pattern but we have not a closure below our neckline so we have not a confirmation to can enter , so we need to wait until we have a closure below our neckline to get a clear confirmation to can sell after this movement to upside That we entered the week before last week and it`s the time for a little correction , so we will waiting for clear closure below our neckline that i mentioned on the chart and then we can enter a sell trade and we can targeting from 50 to 100 pips and use a decent sl , if we have not a closure below then this idea will not be valid anymore .

Entry Reasons :

- Reversal Pattern
- Over Bought
- Bearish P.A

Jul 29

Trade active

The Price Closed Below Our Neckline And Back To Retest It And Starting Moving +20 Pips