WirmachenTrader
Long

Bullish Head & Shoulder Formation on $EURAUD

FX:EURAUD   Euro / Australian Dollar
Hey guys,

went long on EURAUD H&S formation @1.4658 this morning.We recently hold an important strc. level and the 200 EMA .

Remember to trade your plan!
Trade active: long @1.4658
Trade closed manually
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https://www.wirmachentrader.de
Hello i have a question plz if you draw your supp and resistand on the daily chart do you look to identify these patterns also on the daily or on a lower timeframe? Thanks in advance
Reply
@mfawadjoe, Hey! We always start with a top-down-analysis on the daily chart to understand the big picture. If for instance we identify key support on the daily we are looking for potential long setups on lower timeframes (4h in this case). Hope this helps, cheers
Reply
Nur zum Verständnis. Wenn der Durchbruch jetzt nach oben noch kommen würde, wäre damit die H&S noch gültig?
Reply
@vaporizzle, Hey! Die H & S ist ja aufwärtsgerichtet... Daher bin ich ja long gegangen, habe den Trade vorhin aber geschlossen und meinen Gewinn realisiert, ohne auf das entfernte Ziel zu warten. Gruß!
+1 Reply
vaporizzle WirmachenTrader
@Felix_Hoevelborn, Danke :)
+1 Reply
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