Perfect Head & Shoulders emerges on Daily AUDUSD
The formation looks like a frying pan with the handle on the left sloping downward to the pan. After a deepening decline that takes price into the pan base, price level out and eventually soars out the right side. The handle forms a down-sloping trend line that approximates 45 degrees. The handle portion of the formation is called the lead-in as it leads in to...
Price follows two down-sloping trend lines that broaden out. Breakout is upward. Short-term bullish reversal
here is why Why i am selling; 1-Double top confirmed on September 13th 2-it had retracement to the double top breakout level 3-0.382 Fibbonaci Retracement of June 24th low to August 15th high points almost as same level as double top target
CORRECTION OF MY PREVIOUS XAUUSD TRADE IDEA
AFTER IMPULSE PHASE COMPLETED AT MONTHLY 20 EMA IS IT TIME TO COVER SHORT POSITIONS AND GET SOME SMALL LONG POSITIONS FOR CORRECTION PHASE?
Before ECB press conference weak bulls washed out by dropping down to 10350 level and fresh buyers has been attracted. It seems great opportunity to buy it at this level and hold it till 10550 level which is a crossroad of a few trendlines and fib clusters. Good luck and happy tradings!