head and shoulders pattern on overbought market

4 ก.พ. 2019

Good morning, traders.

on audusd pair we have nice head and shoulders pattern in a clearly overbought market.
Just couple of hours ago the market has violated the neckline.
It gives us an opportunity to sell the market anticipating a bearish movement.

Targets are based on structure.
Stop is above head.

Good luck!

4 ก.พ. 2019

บันทึก

one more retest of neckline

5 ก.พ. 2019

บันทึก

Bounce from 0.72

5 ก.พ. 2019

บันทึก

again the market is below the neckline

6 ก.พ. 2019

บันทึก

hit the initial target

8 ก.พ. 2019

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