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.
nice break out and retest of the neckline, seems a good opportunity to short it now?
mcpeacocks
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@mcpeacocks, seems like a fake-break-out? breakout candle closed below neckline, but being followed by a fully engulfing bullish bar
peterli_au
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looking at you GBPAUD & USDAUD . its all look a like for this Head and shoulder formation .
MirzaAkhtarMahmood
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thanks
silverzzz
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Awesome. Thanks :)
JohnGillam
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Yes I'm wait for the daily candlestick to break and close hopefully tomorrow to go short.
Ansari
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perfect and educational
Love you work ,Technician
Paul_FRX
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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
Jack_Brown
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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