as you can see AUDNZD has formed a left shoulder, a head and has formed part of the right shoulder. This is a reversal pattern if fully formed at the top of the bullish run.
AWAIT completion of the head and shoulder formation, followed by a neckline break which will also be a trendline break followed by a retest and rejection. Engulfing candle to go short
AWAIT completion of the head and shoulder formation, followed by a neckline break which will also be a trendline break followed by a retest and rejection. Engulfing candle to go short
Trade active
i have opened a sell down to the h&s neckline
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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.