AUDUSD Short
Price respecting the triangle, forming a head and shoulders pattern. Potential break of the trend at the neckline.
MA's confirm the short bias.
I want to be sure about this one because the price made a higher low the last candle and now it's making a bullish engulfing candle, so i'm taking the trade at the initial point of the right shoulder (just in case the trend line breaks). I put those blue supp at the key levels of the head and shoulders pattern to be aware of them in case of potential pullbacks.
Target at the monthly level 0.7 (60 pips), 20 pips stop loss.
MA's confirm the short bias.
I want to be sure about this one because the price made a higher low the last candle and now it's making a bullish engulfing candle, so i'm taking the trade at the initial point of the right shoulder (just in case the trend line breaks). I put those blue supp at the key levels of the head and shoulders pattern to be aware of them in case of potential pullbacks.
Target at the monthly level 0.7 (60 pips), 20 pips stop loss.
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.