Reasons for Open Position (OP) in AUD/NZD currency on Monday (7 December, 2020):
The Head and Shoulder pattern is in effect as it awaits the level of: 1.056
There is a Left Shoulder at the price level: 1.047 - 1.049
And a Head is formed at the price level: 1.041
For Open positions between price levels: 1.047 (recommended, not to float).
For take profit...
Reasons for Open Position (OP) in AUD/NZD currency on Wednesday (25 November, 2020):
The Head and Shoulder pattern is in effect as it awaits the level of: 105.00
There is a Left Shoulder at the price level: 1.051
And a Head is formed at the price level: 1.047
For Open positions between price levels: 1.051 (recommended, not to float).
For take profit (TP)...
Reasons for Open Position (OP) in USD/JPY currency on Thursday (18 November, 2020):
The Head and Shoulder pattern is in effect as it awaits the level of: 105.00
There is a Left Shoulder at the price level: 104.00
And a Head is formed at the price level: 103.130
For Open positions between price levels: 104.00 (recommended, not to float).
For take profit...
