A potential H & S short play on the Daily for GBPAUD.
If we have a break and hold below neckline the measured move conservative target is ~ 1.9610 as indicated by arrow down.
One to watch.
* Conservative (candle close, not topping wick taken as high for measure)
Can also use Bulkowski's target criteria for H & S if you wish - thepatternsite.com/hst.html
If we have a break and hold below neckline the measured move conservative target is ~ 1.9610 as indicated by arrow down.
One to watch.
* Conservative (candle close, not topping wick taken as high for measure)
Can also use Bulkowski's target criteria for H & S if you wish - thepatternsite.com/hst.html
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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.
Related publications
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.