Australischer Dollar/U.S. DollarAktualisiert

Forming a bullish H&S?

We built a Double Bottom at ,715. with one of my former views, perhaps somebody caught this bottom :-)
Anticyclical Longposition possible?


At this bottom, the present upwave started. Today we have reached the first interesting resistance Zone at 0,75. If you watch the RSI you can see, that we are on the way to an overbought Level, but there is no selling Signal yet. Furthermore, the EMAs/SMAs are based at the present Level. - here is a Pivot resistance Cluster!

What can we do?

I have some ideas...:

Idea 1: Selling the resistance: Shortchance with a very nice Chance risk Ratio (risky and anticyclical):
Snapshot
Idea 2: Trying to catch the BreakOut (cyclical)
Snapshot
Idea 3: Trying to catch the anticycl.,ical Long, if we really should form a H&S

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rsi: no sell signal yet! Snapshot
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seems bullish still Snapshot
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Trade ist aktiv
Idea 2: "Trying to catch the BreakOut (cyclical)" is active: Snapshot
today we see a nice dynamic and fast BreakOut:
Snapshot
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if i was long i for my own would place my initial sl near below the actual 38,2
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Another idea where to place your stop could be the BreakOut level.
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reached min. tp Snapshot check ! :-)
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Trade wurde manuell geschlossen
tp2 nearly touched these days... new thread here:
Trading nearby the pivot resistance zone
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