AUDUSD H4 HEAD AND SHOULDER NOT SURE WHY I DIDNT SEE IT EARLIER BUT i JUST PLACED A LIMIT ORDER @ 0.7620 HOPING TO CATCH ON IF NOT I WILL ENTER BELOW THE NECK LINE.
GOOD LUCK
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tokyotiger
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The success of this trade comes down to Tuesday's RBA meeting. If they cut rates by .25%, this will be a winning trade of 100 to 200 pips in 1 or 2 days. The drop below the neck line will be rapid if the rate cut happens. I'm short just below the right shoulder, and I'm betting on a rate cut next week. Good Luck.