All the way from a H&S to an Inverted H&S !!!

All the way from a H&S to an Inverted H&S !!!


Dear colleagues

Only one chart on this AUDNZD             Long trade.

I have been short this pair from the top of the channel following a H&S formation.

Here is the chart:

Now see how this pair made a false breakout of the blue channel followed by an Inverted H&S this time.
Do not forget the NZD news yesterday which made this currency even weaker that it was before. Overall we may stay at BE for a few days because of AUD but eventually NZD has a lot of room to depreciate.

Thank you,

Khan

Shares