head and shoulders pattern on overbought market

2019年2月4日

Good morning, traders.

on audusd pair we have nice head and shoulders pattern in a clearly overbought market.
Just couple of hours ago the market has violated the neckline.
It gives us an opportunity to sell the market anticipating a bearish movement.

Targets are based on structure.
Stop is above head.

Good luck!

2019年2月4日

註釋

one more retest of neckline

2019年2月5日

註釋

Bounce from 0.72

2019年2月5日

註釋

again the market is below the neckline

2019年2月6日

註釋

hit the initial target

2019年2月8日

交易結束：目標達成