AUD/CAD pullback trading setup from inverse head and shoulder pattern

In the H4 timeframe, AUD/CAD broke above the neckline resistance at 0.9384 yesterday with a pullback unfolding currently, which could complete the inverse head and shoulder pattern. As expected, the first breakout drew out increasing supply hence this sets up a potential pullback trading opportunity to ride on the continuation of the up trend. There is one thing that every trader should do when trading pullback in order to increase the winning rate. Watch the video below (timestamp starts 4:35) where you will find out the exact step to…



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: