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specialk499

Head and Shoulders Pattern. Wave Analysis

Short
British Pound / Australian Dollar (FX:GBPAUD)  
specialk499 Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Wave Analysis
1
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trendanalysis waveanalysis
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.

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

snapshot
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