one more head and shoulders pattern

Jan 25, 2019

hey traders,

audusd goes lower and again finds a decent level of structure to focus on.
as the market toucher this 0.708 zone, we see clear rsi divergence and market consolidation.


Formation of a head and shoulders pattern leaves us clues that with high probability we will
see a retracement up until the range of a pattern,

my initial target is bit lower that 0.715
and the second target is aorund 0.718

stop below head

good luck!

Jan 25, 2019

Note

almost hit the first target

Jan 25, 2019

Trade closed: target reached