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

Trade fechado manualmente:

25 pips profit