AUDUSD
BUY SETUP:
SETUP: Flag formation, Support, Right Shoulder.
ENTRY: Now or at the break and retest of H&S Neckline(4hr chart).
SL: 30 pip max (1% of account).
TP: Redlines.
SELL SETUP:
SETUP: Break and Retest support.
ENTRY: Bear confirm candle on the break and retest.
SL: 30pip max (1% of account).
TP: Redline.
SETUP: Flag formation, Support, Right Shoulder.
ENTRY: Now or at the break and retest of H&S Neckline(4hr chart).
SL: 30 pip max (1% of account).
TP: Redlines.
SELL SETUP:
SETUP: Break and Retest support.
ENTRY: Bear confirm candle on the break and retest.
SL: 30pip max (1% of account).
TP: Redline.
Note
TP 1 Hit.The head and shoulders has finished forming.
Setups entries are buy on the break and retest of resistance or sell resistance.
Note
SL moved to 0.725. TP 1 hit.
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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.