DatTong
Short

GBPAUD, SHS pattern forming=> Sell

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.

Comments

active?
+8 Reply
@DatTong this trade is active?
+5 Reply
Glendoonie alvarocab1
@alvarocab1, Active? yes. As to which direction I can't say. If I am seeing a bullish rejection candle the trade may turn bearish. Fingers crossed :-)
Reply
Stop asking active or not. I was activated. But now it hit stoploss cause price broke the right shoulder. You can follow Dat Tong on Telegram for more education posts https://t.me/ForexCoach
+2 Reply
is that mean AUDjpy trade will be unvalid DAT? AS the Ausiie is going higher ?

please update it . many thanks for your effort!
Reply
DatTong AhmedOsama2020
@AhmedOsama2020, It's invalid
+8 Reply
@DatTong, thank you . I will close it with this loss
Reply
DatTong AhmedOsama2020
@AhmedOsama2020, No matter where is the positions you entered for that pair, tight SL is always a must, not holding it.
+1 Reply
@DatTong, how ? should it be a proper SL that means that our prediction or analysis is failed and it should go to the other side ?or how do you manage to put your SL bro ?
Reply
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