AUD/USD – Inverse Head & Shoulders Breakout on 4H
On the 4-hour chart, AUD/USD has broken through the neckline of an inverse head and shoulders pattern. The first target is the initial resistance level, with the potential to reach a second resistance.
Trading Scenarios:
1. Long: Take advantage of the breakout to target the first resistance.
2. Short: At the second resistance, consider reducing positions or opening a short if the price shows signs of reversal.
Trading Scenarios:
1. Long: Take advantage of the breakout to target the first resistance.
2. Short: At the second resistance, consider reducing positions or opening a short if the price shows signs of reversal.
WiVERIDERS
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.
WiVERIDERS
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.