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specialk499
Feb 4, 2019 8:14 PM

Head and Shoulders Pattern. Wave Analysis Short

British Pound/Australian DollarFXCM

Description

Head and Shoulders pattern. Larger time frames show correction wave for downside continuation and a Ranging Market. Sell With caution.

Trade closed: stop reached

Comment

This is what happens when you you don't want to play by the rules of the market. Stoploss should've been placed above the high wick instead of being real tight.

Comment

Price continues to sharply fall. Pips pips pips. Trend line is just around the corner.

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