Buying AUDUSD In Pullbacks - Inverse Head and Shoulders Pattern
Good evening Traders,
I was waiting for a long time for a bottom in the AUDUSD.
Now finally the AUDUSD made a very nice inverse head and shoulders pattern and even confirmed it.
It broke the neckline to the upside. I want to buy it later on in a pullback in a lower timeframe, maybe this week. Lets see. Hopefully, we get a good entry in a lower timeframe.
I will update it once we get a good entry.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
I was waiting for a long time for a bottom in the AUDUSD.
Now finally the AUDUSD made a very nice inverse head and shoulders pattern and even confirmed it.
It broke the neckline to the upside. I want to buy it later on in a pullback in a lower timeframe, maybe this week. Lets see. Hopefully, we get a good entry in a lower timeframe.
I will update it once we get a good entry.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Note
And like I said AUDUSD pulled back I like the long now. Note
I move my stop to breakeven and I recommend you to do it also, or you can also lock some profits if you wantTrade closed: stop reached
Stopped out at breakeven
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.
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.