AUD/USD, SHS is in formation on H4
Updated
Hi guys !
AUDSUD realized a beautiful bull run last hours with the Friday's DXY dropped. The price hit 0.726 and was rejected. From this pick i drew a Fibonacci retracement . Currently, the 0.236 line was reached and the price found a resistance on the MA10 after a closing price below this one.
I'm seeing a Shoulder Head Shoulder there. So, i opened a short position from 0.72 to 0.706 - 0.70 as you can see on the chart .
Then we'll see for the next shoulder.
Thanks for your time guys !
AUDSUD realized a beautiful bull run last hours with the Friday's DXY dropped. The price hit 0.726 and was rejected. From this pick i drew a Fibonacci retracement . Currently, the 0.236 line was reached and the price found a resistance on the MA10 after a closing price below this one.
I'm seeing a Shoulder Head Shoulder there. So, i opened a short position from 0.72 to 0.706 - 0.70 as you can see on the chart .
Then we'll see for the next shoulder.
Thanks for your time guys !
Trade closed: stop reached
Note
Note : This could be still active but is taking more time as expected
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