AUD/USD, SHS is in formation on H4
Hi guys !
AUDSUD realized a beautiful bull run last hours with the Friday's DXY dropped. The price hit 0.726 and was rejected. From this pick i drew a Fibonacci retracement . Currently, the 0.236 line was reached and the price found a resistance on the MA10 after a closing price below this one.
I'm seeing a Shoulder Head Shoulder there. So, i opened a short position from 0.72 to 0.706 - 0.70 as you can see on the chart .
Then we'll see for the next shoulder.
Thanks for your time guys !
AUDSUD realized a beautiful bull run last hours with the Friday's DXY dropped. The price hit 0.726 and was rejected. From this pick i drew a Fibonacci retracement . Currently, the 0.236 line was reached and the price found a resistance on the MA10 after a closing price below this one.
I'm seeing a Shoulder Head Shoulder there. So, i opened a short position from 0.72 to 0.706 - 0.70 as you can see on the chart .
Then we'll see for the next shoulder.
Thanks for your time guys !
Trade closed: stop reached
Note
Note : This could be still active but is taking more time as expected
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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.