DAY 10 – Pro act traders – Bearish AUDUSD Head and Shoulders

USD did pretty well yesterday. Spotted this bearish head and shoulders on the AUDUSD chart.

As you can see we are at the top of a shoulder with a good first target bearish.

News wise there is a lot to watch out for we could see some very bullish moves from GBP and EUR respectively so care should be taken with these currencies.

The Cheif (CHF) is hanging around at the moment so I’m staying out of that until I can get some firm direction with it. So no GBP/EUR trades until after news when I’ll be looking for hooks, retraces and anything else to give me pips.

TRADES @ 6:34 AM GMT Pre UK session
NA=News affected no trade
NZDUSD SELL Possible order at 0.9763 however once we are below 0.7983 could be massive bearish move
GBPJPY No trade NA 09:30
EURJPY No trade NA 07:00,10:00
*AUDUSD SELL ON Top of bearish head and shoulder pattern on daily chart. In bearish channel Care at 13:30
*USDJPY BUY ORDER at 97.83 Above line at 97.64 target 99.91,100.63,101.56
USDCHF No trade next target too close
USDCAD No trade next target too close although bullish very slow
GBPUSD No trade NA 09:30
EURAUD No trade NA 07:00,10:00


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