The Aud/Usd made a brake to the downside of the four hours 200sma SurpriseBox. This brake was out of a head and shoulders pattern. Shorted on the rebound. Stop will be around 1.0500 corresponding to the right side shoulder top. Target one will be 1.0250 corresponding to the 800sma. Trade posted in Twitter (@surprisetrade).
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
