AUDUSD big head and shoulders on 2D

٤ أبريل ٢٠٢٣

Something big is brewing with AUDUSD. Opportunity for >10% gains shorting this one, with comfy risk/reward. Looking for the drop to accelerate after getting below 0.659 stochastic momentum pivot.

I plan to take the easy profit at the Fib 1.618 (0.62). Not sure I trust the final H&S target, but I'll probably keep some of the trade open until 0.598.

Thanks to TV's pattern generation tools for the tip on this one! Not advice.... do your own research, don't overleverage, enjoy the ride!