A small but visible ihs can be seen from line chart. Height of head is roughly same as big neckline level in which I intend to look for distinct price action for a showhand A trade
I am currently long on counter trend towards this neckline. This position was entered in pain on tuesday when AUDCAD trade was faring badly. Making matters worse, nbox was showing a bearish expansion and during 4M AUD was strongly regarded.
price has now closed above the neckline and if there is retracement I will be looking for an
added entry towards the neckline
taken profit with 110 pips