AUDUSD Head and Shoulders
Updated
As we can see on our H4 timeframe, we can expect Head and Shoulders pattern completion. It gives us trading opportunity with a nice 1:3 RRR. On the daily chart we can see how market nicely respected
0.5 Fibonacci retracement (twice). So I am looking for the HnS pattern completion and then I am going to be short.
0.5 Fibonacci retracement (twice). So I am looking for the HnS pattern completion and then I am going to be short.
Trade active
It has created double top pattern so we have much better opportunity for short now. We can expect 200-300 pips to the downward
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.