Scott Barkley
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Scott Barkley in Proact Traders,

April’s Pay Your Mortgage Trade Setup Idea

This month's pay your mortgage trade setup is found in the AUDUSD pair. When looking at this pair on a 240 min chart you'll notice a head and shoulders pattern being printed.  The “trend is your friend until it bends” and it is bending.  The result should be 5 waves to the downside.  The nice thing about this setup is that even if it still ranges there is 210 pips potential to the downside if it does not break out and trend.

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