Head And Shoulders Forming On 4HR AUD/USD
So first of all, Happy New Year to all you traders, I wish you all, all the best for this new year.
Straight in at the thick of it here with a possible Head & Shoulders forming on AUD/USD.
For me personally i'm waiting for the pattern to be confirmed at around the 0.685 level and for my "technical's" to confirm the short trade before I enter, but if you only use patterns this maybe a good set up for you!
If I do enter this trade, it will be entered with a short in mind and I will be looking to take profit at around the 0.6810-0.6800 level as this shows a strong history of support and resistance to warrant placing my Take Profit around that level.
Straight in at the thick of it here with a possible Head & Shoulders forming on AUD/USD.
For me personally i'm waiting for the pattern to be confirmed at around the 0.685 level and for my "technical's" to confirm the short trade before I enter, but if you only use patterns this maybe a good set up for you!
If I do enter this trade, it will be entered with a short in mind and I will be looking to take profit at around the 0.6810-0.6800 level as this shows a strong history of support and resistance to warrant placing my Take Profit around that level.
Trade attivo
Trading is now active and I have set my Take Profit at the 0.6813 area.
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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.