AUDUSD Right Shoulder falls into a Descending Channel
You can see two things looking at this chart, a head and shoulders pattern and a descending channel. Once AU breaks out of the bottom of the channel and breaks the head and shoulders neck line, it will be a great time to get into a short position.
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Trade closed: target reached
Target one reached!
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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.