AUD/NZD 18TH SEPT 2019

Good head and shoulders formation with a trend line break and retest. 4hour right shoulders reversal, daily had a reversal formation and 1 hour had the 1 hour reversal and bearish engulfing candle. Entered when the 4 hour candle ended and used our 5 minute entry strategy. Stop loss was 20 pips and take profit was at the 4 hour 50 ema. 2.58%

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