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paulmcguffog
Aug 12, 2018 10:12 PM

GBP/AUD Broken Head and Shoulders - Entry Long

GBP/AUDOANDA

Description

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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