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paulmcguffog

GBP/AUD Broken Head and Shoulders - Entry

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
paulmcguffog Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Chart Patterns gbp-aud HEAD AND shoulders break
2
0
chartpattern gbp-aud head and shoulders break
Head and shoulders pattern on the daily chart. Now currently pulling back. Awaiting break of trendline on H1 chart to enter. Possible 1000 pip plus move to be had over the next couple of months (hopefully).
Comment:
Nice hammer candle on H4. Could go Short at the break of this
Comment:
Price starting to get congested around the TL now. A 1 min head and shoulders pattern has formed with the well defined trend line as it’s neckline.
Comment:
Still waiting for a solid H1 TL break with volume !!!
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