A potential H & S short play on the Daily for GBPAUD.
If we have a break and hold below neckline the measured move conservative target is ~ 1.9610 as indicated by arrow down.
One to watch.
* Conservative (candle close, not topping wick taken as high for measure)
Can also use Bulkowski's target criteria for H & S if you wish - thepatternsite.com/hst.html
If we have a break and hold below neckline the measured move conservative target is ~ 1.9610 as indicated by arrow down.
One to watch.
* Conservative (candle close, not topping wick taken as high for measure)
Can also use Bulkowski's target criteria for H & S if you wish - thepatternsite.com/hst.html
