H&S been forming since 6th January, broke through the neck line at the end of the month.
Profit target is based on previous structure, as is the stop loss.
Fundamentally, I think that a drop like this makes sense. Australia is seeing a lot of good economic data at the moment, so I think that in the near future we should see a rise in the AUD due to more positive investor sentiment. ECB stimulus adds to this.
Profit target is based on previous structure, as is the stop loss.
Fundamentally, I think that a drop like this makes sense. Australia is seeing a lot of good economic data at the moment, so I think that in the near future we should see a rise in the AUD due to more positive investor sentiment. ECB stimulus adds to this.
Trade closed: stop reached
Stop just about reached. I am going to watch to see how this would have evolved with the stop at the very top of the right shoulder as part of my testing.Note
Would have stopped out even with a higher stop loss. Just one of those trades.
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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.