The_Cannalyst

Forming a bullish H&S?

The_Cannalyst Aggiornato   
FX:AUDUSD   Dollaro australiano / Dollaro
38
We built a Double Bottom at ,715. with one of my former views, perhaps somebody caught this bottom :-)

At this bottom, the present upwave started. Today we have reached the first interesting resistance Zone at 0,75. If you watch the RSI you can see, that we are on the way to an overbought Level, but there is no selling Signal yet. Furthermore, the EMAs/SMAs are based at the present Level. - here is a Pivot resistance Cluster!

What can we do?

I have some ideas...:

Idea 1: Selling the resistance: Shortchance with a very nice Chance risk Ratio (risky and anticyclical):
Idea 2: Trying to catch the BreakOut (cyclical)
Idea 3: Trying to catch the anticycl.,ical Long, if we really should form a H&S

Commento:
Commento:
rsi: no sell signal yet!
Commento:
seems bullish still
Commento:
Trade attivo:
Idea 2: "Trying to catch the BreakOut (cyclical)" is active: today we see a nice dynamic and fast BreakOut:
Commento:
if i was long i for my own would place my initial sl near below the actual 38,2
Another idea where to place your stop could be the BreakOut level.
Commento:
Commento:
reached min. tp check ! :-)
Commento:
Trade chiuso manualmente:
tp2 nearly touched these days... new thread here:
Commento:
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.