PMTradeALot

PMTradeALot

weekly view: TL rejecting 4hr forming H&S

PMTradeALot

Forming a head and shoulder plus strong zone rejection + + + +

PMTradeALot

Here it is. Take profit along the way

PMTradeALot

Alot of confluence at that zone

PMTradeALot

We hit that yellow zone for a 3rd touch. My issue with this setup is that we rejected the neckline of a reverse H&S . Look at the Daily chart I will show. Trade this pair with a smaller lot size and take profit after 20-30 pips with SL at BE. Be careful

PMTradeALot

We hit that red zone. Look at all the confluence (2.0000 psychological level+50% fib+ EMAS+ broken resistance retest+ retest of a broken blue trendline). I will send a daily chart also

PMTradeALot

We hit that blue zone. I am waiting to buy that pair but while we waiting, why not take a short

PMTradeALot

We hit the yellow zone

PMTradeALot

We come back in the blue zone to make the right shoulder on the H&S pattern. Do not take big positions because of Brexit news can mess up your trade fast.

PMTradeALot

once we get to that red zone. Alot of confluence in that zone with a psychological level of 135

PMTradeALot

We come to retest 1.1000 and some fibs level + broken TL. Not my favorite pair as it is damn slow but lets see

PMTradeALot

We break and retest that green box

PMTradeALot

On 3rd TL touch. There is alot of confluence at that zone. Dont look for an homerun, we could very well reject make some pips than break that zone. Dont be greedy

PMTradeALot

Here is a little idea.....

PMTradeALot

ever we get back to the bearish trendline ( blue circle ) I could see a nice short from there. remember 1 touch ,2 touch 3 touch BOOM! (not always) hehe

PMTradeALot

We get back at 1.8300-82800 zone. We got alot of confluence around that zone plus we had some bearish news for AUD.

PMTradeALot

At the blue circle. Check the charts for clues.

PMTradeALot

still waiting. Look at the chart and wait for a break retest