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Technician
21 Th12 2017 23:43

GBPAUD: Complex head and shoulders. Wait for a neckline break! 

British Pound/Australian DollarFXCM

Mô tả

Looks like a major topping formation, however, a breakout below the neckline of the pattern outlined on chart remains required for its completion.
The 200 days simple moving average could be a reasonable target for the breakout.


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Technician

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ShezanShani
hey technician, can it go back to retest the trendline?
PatrickVerbij
@ShezanShani, just did ;-)
PatrickVerbij
Look out below!
rafay
Stpp loss?
ShezanShani
trade active?
yitiancai
Hi sir. i found head and shoulder in EUR/AUD and it reach my target. It seems that AUD is become stronger
Rohullah_Totakhail
Thanks sir what do you think sir I have buy position
Casey_Yeo
hey mate! just realized you have launched your signal service/course. Congrats on the launch.
Technician
@Casey_Yeo, thanks mate :) .
4xNorm
Good chart but I do see another possibility, On your chart I see the rsi is a bit divergent indicating it may want to go up It is also a certain liquidity pool below the neckline which the big boys like to run stops by up to 20 pips and head back up. Don't get suckered into the initial break because it is likely to retest the neckline before it takes a direction. Thanks for the heads up it is one to watch for sure.
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