DK66
Short

Short H&S pattern

FX:EURAUD   Euro / Australian Dollar
The Price rejected resistance between 1.58 - 1.574 which is also 0.5 fibonaci retracement.
As we can see on the daily chart price is printing Head and Shoulders pattern, that's why I decide to open 2 position.

1.Position

R/r = 1:2.77
Entry:1.569
SL:1.584
TP:1.527

2.Position

R/r = 1:7 !!!!
Entry:1.569
SL:1.584
TP:1.4625

Comments

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