khansalarehsan
Long

All the way from a H&S to an Inverted H&S !!!

FX_IDC:AUDNZD   Australian Dollar / New Zealand Dollar
Dear colleagues


Only one chart on this AUDNZD Long trade.



I have been short this pair from the top of the channel following a H&S formation.



Here is the chart:






Now see how this pair made a false breakout of the blue channel followed by an Inverted H&S this time.
Do not forget the NZD news yesterday which made this currency even weaker that it was before. Overall we may stay at BE for a few days because of AUD but eventually NZD has a lot of room to depreciate.


Thank you,

Khan
May 19
Trade closed manually: 25 pips profit
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