AUDNZD inverted H&S
inverted H&S pattern forming
head bounced off of 1.026
RS bounced off of monthly trend line
Strong acting resistance and neckline at 1.075
looking for price to break above neckline and retest to enter long
Long term pattern=better strength of pattern
If upper mothly trendline is broken, price may carry and retest creating new highs. TP1 at 1.093
head bounced off of 1.026
RS bounced off of monthly trend line
Strong acting resistance and neckline at 1.075
looking for price to break above neckline and retest to enter long
Long term pattern=better strength of pattern
If upper mothly trendline is broken, price may carry and retest creating new highs. TP1 at 1.093
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Related publications
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.