Waiting for an opportunity to go short on a possible H&S
This morning I have my eyes on a possible head and shoulders on the AUDUSD
The entry would be around the 0.65071 level.
As always I like to place my stops above the right shoulder (which works for me personally better then above the head) giving a nice risk reward, assuming we get an entry of course!
The entry would be around the 0.65071 level.
As always I like to place my stops above the right shoulder (which works for me personally better then above the head) giving a nice risk reward, assuming we get an entry of course!
Order cancelled:
As the price didn't hit our entry point and the head and shoulders is not valid anymore this trade setup has been cancelled
No entry, no trade, no loss :)
No entry, no trade, no loss :)