IvanLabrie
Short

Interesting head and shoulders formation in GBPAUD

FX:GBPCAD   British Pound/Canadian Dollar
185 3 7
The pattern that's formed in this chart would make sense with the recent bullish moves in aud, but I'm on the fence on taking it. I'll wait one day for confirmation before jumping in.

Publishing it for future reference.
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Typo: bullish moves in CAD vs USD...AUD is also affected by the same news, so it's relevant though. :)
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And, going down, might show a decent trade setup per my current methodology. (major props to Tim West for the inspiration and lessons, 100% reccomended)
Addendum: keep in mind this H&S wasn't 100% correct, formation wise, but the complex top inspired me to consider a short. I'll publish my entry as soon as I find a proper setup.
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IvanLabrie PRO IvanLabrie
2 years ago
Good trade, now a reverse long is in order.
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