Inverse Head & Shoulder GBPAUD Plan
Currently riding this up - half position off for profit and remainder to ride up to 1.77 with break even SL ( link ).
Planned entry around 1.78 mark with strong support / resistance and also shoulder line of potential head and shoulders.
2 entries planned and to be confirmed pending PA and events .
1) at should line 1.7775 ~ 1.78 with SL above PRZ
2) after price break trend line and retest for confirmation ( this will be subject to prevailing PA, sentiment and news ).
TP for first entry around area where second shoulder will be. TP for second will float pending situation and PA - expecting talk of article 50 being triggered for actual Brexit around October - November. May see more downward move but heavily depends on outlook and news etc
Planned entry around 1.78 mark with strong support / resistance and also shoulder line of potential head and shoulders.
2 entries planned and to be confirmed pending PA and events .
1) at should line 1.7775 ~ 1.78 with SL above PRZ
2) after price break trend line and retest for confirmation ( this will be subject to prevailing PA, sentiment and news ).
TP for first entry around area where second shoulder will be. TP for second will float pending situation and PA - expecting talk of article 50 being triggered for actual Brexit around October - November. May see more downward move but heavily depends on outlook and news etc
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