Buy Opportunity, AUDCAD, inverted H&S

AUDCAD pair is forming an Inverted head and shoulder pattern, it can be noticed the pair is yet to complete its second shoulder. Enter the trade around the 0.68993 and the 1st target is set at the completion of second shoulder price (0.90380) which also turns out to be the neckline of the pattern. The second target is set at 0.90945 level which is equivalent to the height of the shoulder. The nearest stop loss for the pair is at 0.89750 level.

Kommentera:

first target achieved

Kommentera:

target achieved!!