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

注释

one more retest of neckline

2019年2月5日

注释

Bounce from 0.72

2019年2月5日

注释

again the market is below the neckline

2019年2月6日

注释

hit the initial target

2019年2月8日

交易结束：到达目标