AUDNZD: HEAD AND SHOULDERS FORMATION
Updated
A clear Head And Shoulders formation was made on the 30 Min chart of the AUDNZD. The neck-line of that chart is represented by the blue line and as you can see it is already broken. Take in consideration the broken bullish trend line, which support our bearish view for the pair.
Our entry will be right after a clear close below the 1.04900 targeting the 1.03500 support.
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Our entry will be right after a clear close below the 1.04900 targeting the 1.03500 support.
If you find this analysis useful please don't forget to hit the like button, leave a comment and follow me for more useful content.
Note
The prices now retested the neck-line and will start declining once it makes a clear close below the 1.04900 we will go short on this pair
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