Taking a short position on AUDNZD on the basis of a head and shoulders pattern being formed on the chart.
Using the measurement fromm HH to the neckline, I have determined the target profit that can be acheived in case of a trend reversal with 3 different take profit levels along the way.
SL has been set at the LH level.
Using the measurement fromm HH to the neckline, I have determined the target profit that can be acheived in case of a trend reversal with 3 different take profit levels along the way.
SL has been set at the LH level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.