Bearish 1,2,3,4 HR Head 'N' Shoulders AUDUSD

2024年9月7日

https://www.tradingview.com/x/vtmtADsP/

This Short idea is already playing out. It does not appear that price has returned fully to the neckline to complete the Retest. But selling into this could be a good yielder. Good luck.

2024年9月7日

交易進行

Short AUD / USD
* Take a read on the actual AUD USD chart above Re stop loss.
The TP is also marked on the chart.
You have to be a little flexible trading H&S because this one has not properly retested yet so I might update tomorrow about SL

2024年9月8日

註釋

2024年9月8日

註釋

I like to sometimes look right underneath the bonnet (so to speak) at the super low timeframes. Here are the last candles from Friday.

2024年9月10日

交易進行

Short:
Hi guys,
A quick update on this trade.
One thing to be mindful of firstly, is that there is a very possible bullish reversal of the AUD against the USD commencing as early as next week.
I am Short at the moment but I will watch this periodically for signs of this reversal.
This reversal will be huge and fast when it happens so make sure you have at least a Stop somewhere that protects you and still keeps you in the trade.
Apart from that I see that the trade is going our direction downwards at the moment and that is great.
Chris

2024年9月10日

交易進行

2024年9月10日

交易進行

15 Second Chart on the right I want to see price get back under the trend-line

Left screen are my Weekly momentum indicators that also gives over-sold & over-bought signals. The important Weekly time-frame for this type of analysis is showing me that it is still overbought but demand for the AUD is fading, that is the magic. How do I know this? When the weekly Stochastics are crossing down 80, pointing down & importantly holding.

2024年9月10日

註釋

15m chart should read

2024年9月10日

手動結束交易

I have closed positions at a loss.
Price has failed to get under the trend-line again. Too slow. Head n Shoulders are explosive patterns after they retest.
There is a bigger macro theme of people getting Long for the breakout of the Aussie soon.