AUD/USD - Wolverine on the backfoot 4

Resistance up at 0.728 - high of 25/11/2016 LSh (see below) and high of 15/12/2015.
Xmas Head & Shoulders pattern.
Sell break of bullish TL set up from 17/12/2015
Trade: Short @ break of 0.7253, SL 0.7284, TP1 0.7123
Look to add/enter into bearish TL set up on 15min stochastic


Bear - Double top 04/12/2015*,
Bear - Head & Shoulders (~3 weeks) LSh 25/11/2015, Head 04/12/2015* RSh 10/12/2015, Neckline break 13/12/2015
Bear - Head & Shoulders (~1 day)

Note
Bull - Long term bear TL eroded (05/09/2014, 14/05/2015, 12/10/2015)

Komentarz:

15 min stochastic, K value, above 50 and approaching bearish TL

Zlecenie aktywne:

Sold 0.7253

Komentarz:

Added to Short at 0.727, SL 0.7285

Transakcja zakończona: osiągnięto poziom stop:

Stopped out at 7285.
There was a final rally up to the right shoulder (7326) before falling over.