Get 50 pips & 100 pips with Head and Shoulder Pattern in AUDNZD

7 Des 2020

Reasons for Open Position (OP) in AUD/NZD currency on Monday (7 December, 2020):

• The Head and Shoulder pattern is in effect as it awaits the level of: 1.056
  
• There is a Left Shoulder at the price level: 1.047 - 1.049
  
• And a Head is formed at the price level: 1.041
  
• For Open positions between price levels: 1.047 (recommended, not to float).
  
• For take profit (TP) at the price level: 1.052 (First Scenario for Take Profit), then price will come back at level price "Shoulder", you can trade again and take profit at Fibo: 1.618 / 1.062
  
• Regarding Stop loss at the price level: 1.041
  

Note to me: Every currency (like women) has a different technical (heart) and it is important for money management not more than 5% and Wednesday is the most suitable trading in AUDNZD currency (in view).

What do you think, my beloved friends?