Week 7: EURAUD - Weekly Head and Shoulders

Long term trade, but given we have +ve swaps on shorts, this should work out fine.

Chart is self explanatory, combined with RSI divergence. Target of 1.31386 is the minimum objective. Expect a decline further.

Ideal trade plan would be to open 4 positions at entry, targeting 100, 127.2 and 161.8 Fib levels and the final position to be trailed with an open target towards 1.23.

So far
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Week 2:
Fx: 354Pips profits
Gold: 15 points loss

Week 3:
USDJPY: +290 Pips
AUDUSD: +72 Pips

Week 4/Week 5: None
Week 6: -42 Pips