Currently set to No Index
Currently set to No Follow
Sat, Dec 10, 2022

Head and Shoulder formed and Higher Low broken
1 mins well spent

HEAD AND SHOULDER Analysis

🎯AUDCAD has formed a clear head and shoulder pattern.

🎯The head is clearly notable, Left shoulder and Right shoulder are equal.

🎯Now, the market standing at the neckline. Let’s wait for the confirmation of a breakout at the neckline.

audcad uptrend line higher low broken

AUDCAD moving in an uptrend line forming higher highs, higher lows.

Recently, AUDCAD has broken the higher low (bottom) of the uptrend line.

But, We still need more confirmation for entering the Sell trade because AUDCAD didn’t fall or make retracement for a long time.

Wait for a breakout at the neckline of the head and shoulder pattern to catch some big move in the market.

How to trade head and shoulder pattern? check here: Head and Shoulders strategy

Get Each forex signal with Chart Analysis and Technical reasons for buying or selling the trade order. we always want you to understand the reason behind every signal. This helps you to trade with confidence on your account. 

If you like to receive the signals with the chart analysis, subscribe to Premium or Supreme plan here: forexgdp.com/forex-signals/

Please Don’t trade all the time, trade forex only at best trade setup.

It is better to do nothing, instead of taking wrong trades.

We are here to help you for taking the trades only at best trade setup.

Start to receive the forex signals now: forexgdp.com/forex-signals/

Leave a Reply

Your email address will not be published.

Also read

STOP Trading all time, Trade Forex only at Confirmed setups

X