On the 4H timeframe, we can see an Head and Shoulder pattern formed with a breakout and retest of the neckline.
We can enter short at 66,60, STOP LOSS :67,70 , TARGET :64,30.
On 4h time frame, we can see a HEAD AND SHOULDER REVERSAL PATTERN forming. Is the up-trend of UKOIL ending? We have to wait the break of the neckline to validate the pattern.
What do you think? Let me know. Thanks all.
We can see early signals of Bears taking control on this pair. These are:
1. Pin Bar formed on 14.06.2017
2. Strong bearish candle that broke the support line at 1,1150/1,1160
3. An Inside Bar formed the day after the brake.
4. Another strong bearish candle that almost engulfed the prevous long candle. It's ...
Hi all, AUDUSD is on weekly timeframe in a trading range between 0.7750 and 0.7150. On daily timeframe we can see a double high. if the price brake 0.75 we can trade short on the pullback at 0.75, stop loss at 0.76, take profit at 0.7250. https://uk.tradingview.com/chart/sFFiHnjR/