AUDUSD Sell
More confirmation to me of a short potential on AUDUSD. Triple/double top (however you see it) gave me my first indicator, proven supply area in the purple box playing out, and formation of H & S pattern on the right has meant I've placed a SELL Limit.
SL placed 2 pips above the last high spike, entry placed at the start of this hourly candle, and TP giving me a good R:R ratio of 2.2/2.5 or something to 1.
If my order doesn't catch then I will look for entry on a shorter timeframe once we break the H&S, and adjust my SL to where I think the H&S pattern would prove incorrect.
Let me know your thoughts.
SL placed 2 pips above the last high spike, entry placed at the start of this hourly candle, and TP giving me a good R:R ratio of 2.2/2.5 or something to 1.
If my order doesn't catch then I will look for entry on a shorter timeframe once we break the H&S, and adjust my SL to where I think the H&S pattern would prove incorrect.
Let me know your thoughts.
Penafian
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