Head and shoulders formation has occurred to buy AUDJPY
Signal for buy
1. Head & Shoulder pattern.
2. 79.5 is the 4H support
3. 61.8% retracement Fibo of last
bullish wave from Head to neckline
Buy Zone = 79.15 - 79.5
SL = 79.1
TP1 = 80.5
TP2 = 81.5
1. Head & Shoulder pattern.
2. 79.5 is the 4H support
3. 61.8% retracement Fibo of last
bullish wave from Head to neckline
Buy Zone = 79.15 - 79.5
SL = 79.1
TP1 = 80.5
TP2 = 81.5
Note
This order could not be enabled. So we can wait for breaking resistance level at neckline of H&S, and buy in pullback at neckline.Trade closed manually
The price is near the second target. Now I close all of my position and I'm waiting for pullback to neckline of H&S to buy again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.