AUDCHF - H&S update - 2nd Shoulder seems to be forming on the 1H
Updated
Earlier today I mentioned a possible Head and Shoulders, difference is, I was hoping for a touch at the 61% fib, it seems we are about to reverse movement.
I am now watching for a sell entry. If I fail to entry here, I'll keep my eyes open on the neckline, chances are that we get a fakeout first and then the drop below the neck.
I am now watching for a sell entry. If I fail to entry here, I'll keep my eyes open on the neckline, chances are that we get a fakeout first and then the drop below the neck.
Note
This ongoing candle closing above 0.6283 would imply a upwards movement.I'll open a Sell if the 4H candle closes under 0.62545.
SL would be just above 0.6283 and the TP1 (close 50%) at the neckline and let the rest run down the usual H&S pattern.
Cheers Fellas
Trade closed: stop reached
SL hit.
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