AUDUSD Tilted H&S
Since rejecting a major resistance level of 0.74 we have been making constant bearish market structure forming lower lows and lower highs on the daily timeframe
We have also formed a tilted Head&Shoulders pattern on the 4hour chart and finally broken through the neckline
In this type of scenario we would wait for price to pullback and retest the neckline creating a lower high formation
We have also formed a tilted Head&Shoulders pattern on the 4hour chart and finally broken through the neckline
In this type of scenario we would wait for price to pullback and retest the neckline creating a lower high formation
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.
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.