Oct 5 Head and Shoulders

Oct 4 market is showing a potential head and shoulder pattern. AudUsd

Head and Shoulder Pattern

     
      Currently on 4hrs chart of Aud/Usd chart a head and shoulder potential pattern have started. since i miss the first point of entry i am now watching it closely so that i could get a point of entry that will not give me lot of pips to risk.

       My signal that i do have a point of entry is if the blue cross over the red of my stochrsi indicator or there will be over bought thats its time to sell it.  so what ever be the signal that comes ill now pick a specific point of entry on 5 min chart. in which we all know I pick the overbought or obersold which my indicator will be boilenger and stoch Rsi..

     Good luck guys if you need to look on the video my explanation of the potential head and shoulder pattern pls click the title below.

Oh by the way potential pips will be around 70-75 pips again do the math to how much we are going to earn .

Head and shoulder Pattern

Wait for pull back then take trade

We already have plan based on 1hr chart to trade down with the target of 54pips and currently what we are doing is to find point of entry on 5min chart which this is what we are waiting if market will go on where we want their position will be then we make trade . However be prepare of sudden changes so better look closely on highest of high and lowest of low both 5min and 1 hr chart

AUDUSD pair trade short 54pips target

AudUsd Go short 54pips by alphasurecadet on TradingView.com

For my exact point of entry Ill wait for market to open on Monday then again im gonna get my point of entry on 5min chart making sure stoch Rsi are on crossover and point down. It is really good to wait due to the slipage that might occur on weekends.

54 Pips target