DatTong

GBPAUD, SHS pattern forming=> Sell

Short
DatTong Updated   
FX:GBPAUD   British Pound / Australian Dollar
H1:
- Tendency: Downward ( pullback)
- Test support daily
- Below support
- SHS pattern-> Forming=> Sell
Comment:
Saw some comments asking for active, not active, etc. The whole ideas is to trade on classical pattern H&S and the way to trade this pattern is to wait for breaking the neckline and got confirmation on a successful breakout. The stoploss should be very tight if you short sell from breakout and it shows a failed breakout or a breakout, then make correction back to neckline and give confirmation on rejectin with neckline. If you even don't know how to trade classical pattern in a common way, so it's hard. Don't keep asking basic things cuz I can't go over and over with something like H&S pattern. By the way check for education post about patterns before asking.

FREE Telegram: General news: t.me/ForexCoach
Crypto: t.me/DatTongCrypto
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.