AUDUSD Head and Shoulders

2020年8月4日

As we can see on our H4 timeframe, we can expect Head and Shoulders pattern completion. It gives us trading opportunity with a nice 1:3 RRR. On the daily chart we can see how market nicely respected
0.5 Fibonacci retracement (twice). So I am looking for the HnS pattern completion and then I am going to be short.

2020年8月5日

交易進行

It has created double top pattern so we have much better opportunity for short now. We can expect 200-300 pips to the downward