Looks like I missed the formation of an inverted head and shoulders at the end of last month/week on XAU. Price may pull back to provide a smaller slice of the pie but more work is needed for me to spot these early. EURAUD H&S still going well.
De ja vu all over again with this emerging pattern on AUDNZD. Big rewards possible here if you can get in early enough. Let's see what comes next week.
Conducting my EOW review I snuck into a little analysis by bringing things back to basics. I tend to complicate things (and charts) so this is stripped bare. I'm great at spotting head and shoulders (once they've formed ;-) with an inside bar printing after a bear in D1, so lets see if this sell opportunity plays out. I'll be watching the open on Sunday before...
Following on from yesterday's spike and pinbar (sell stop not triggered) this is shaping up to be a significant trade if it plays out. Wait for the candle close to see if it's a bearish engulfing for a better entry.
