Head and shoulders formation has occurred to buy AUDJPY
Signal for buy
1. Head & Shoulder pattern.
2. 79.5 is the 4H support
3. 61.8% retracement Fibo of last
bullish wave from Head to neckline
Buy Zone = 79.15 - 79.5
SL = 79.1
TP1 = 80.5
TP2 = 81.5
1. Head & Shoulder pattern.
2. 79.5 is the 4H support
3. 61.8% retracement Fibo of last
bullish wave from Head to neckline
Buy Zone = 79.15 - 79.5
SL = 79.1
TP1 = 80.5
TP2 = 81.5
Comment:
This order could not be enabled. So we can wait for breaking resistance level at neckline of H&S, and buy in pullback at neckline.
Trade closed manually:
The price is near the second target. Now I close all of my position and I'm waiting for pullback to neckline of H&S to buy again.