GBPAUD Short - Head & Shoulders Pattern.
A nice Head & Shoulders pattern has formed toward the top of the trend. The neck line has been broken and we should therefore see some move to the downside. I would expect this to come at around 7am when the London session begins.
I feel targets should be set at the 1.8800 level where can also see some stability at this level during previous trends as well as coinciding with the 1.618 fib extension from the high.
I feel targets should be set at the 1.8800 level where can also see some stability at this level during previous trends as well as coinciding with the 1.618 fib extension from the high.
Comment:
Wow, first idea thats been completely rekt! aha, we go again! no emotion in the markets!!