FX:GBPAUD   Pound British/Dolar Australia
3247 14 99
A possible trade on the GBPAUD             if the head and shoulders neckline breaks. I would NOT assume that the price will go down and short it before a breakout as the whole scenario is based on the completion of the head and shoulders .

Best
Technician
https://thefxchannel.com
nice break out and retest of the neckline, seems a good opportunity to short it now?
snapshot

Balas
mcpeacocks mcpeacocks
@mcpeacocks, seems like a fake-break-out? breakout candle closed below neckline, but being followed by a fully engulfing bullish bar
snapshot
Balas
looking at you GBPAUD & USDAUD . its all look a like for this Head and shoulder formation .
Balas
Awesome. Thanks :)
Balas
Yes I'm wait for the daily candlestick to break and close hopefully tomorrow to go short.
Balas
perfect and educational

Love you work ,Technician
Balas
Experience really trains the eyes in seeing the chart like this. I did not see his HS when I analyzed this pair.
Love you work. Thank you
Balas
Nice point of view, pair is seeing high demand for option expiry contracts by 1.6999 , no short before it hits that level and break below the 1.6790 with stop loss of 1.6915 and target at least 350 pips
Balas
Do you teach ? Love your work !
Balas
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