[AUD/USD] Inverse H&S Long Swing Trade [BTFD-VIP]
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Comments and questions are welcomed below, please feel free to ASK anything!
HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
The AUD/USD pair is in our sights today, an inverse Head and Shoulders pattern is emerging and with the weaker DXY the AUD is taking advantage by showing some stregth this week after its been hammered throughout 2018 to yearly lows in that descending channel shown
Entry 0.7150
Targets 0.7400, 0.7820, 0.8080
Stop Loss 0.70150
this will be a mid term trade which could last into May 2019
use no more than 2% of your total account
disclaimer: this is for entertainment purposes only and not be considered trade advice
Comments and questions are welcomed below, please feel free to ASK anything!
HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
The AUD/USD pair is in our sights today, an inverse Head and Shoulders pattern is emerging and with the weaker DXY the AUD is taking advantage by showing some stregth this week after its been hammered throughout 2018 to yearly lows in that descending channel shown
Entry 0.7150
Targets 0.7400, 0.7820, 0.8080
Stop Loss 0.70150
this will be a mid term trade which could last into May 2019
use no more than 2% of your total account
disclaimer: this is for entertainment purposes only and not be considered trade advice
Trade closed: stop reached:
price came down under the left shoulder, pattern invalidated
DXY strength pushing USD against other especially weaker pairs such as AUD
price came down under the left shoulder, pattern invalidated
DXY strength pushing USD against other especially weaker pairs such as AUD
