AudNzd Potential weekly inverse head and shoulder + ABCD pattern
The pair could possibly be reversing on the higher timeframes.
April lows prints a potential head, and January 2014 + September 2015 lows printing the shoulders.
Notice that the right shoulder is 61.8% of AB and projecting a move up to the 1.618% ext from AB.
April lows prints a potential head, and January 2014 + September 2015 lows printing the shoulders.
Notice that the right shoulder is 61.8% of AB and projecting a move up to the 1.618% ext from AB.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.