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Australian Dollar / U.S. Dollar

AUDU$D Head and shoulders w/ potential upside

By woodgrayson
Overall AUDUSD is in a bearish trend, I noticed a nice H&S on the 1HR chart about and hour ago and it's continued to rise. I put a few sells in and was stopped out because of tight SL's. If the micro trend line is respected it will continue bullish. However if the trend line is broken, expect a drop then retest at the macro trend line and see if it breaks.
AUDUSDChart PatternsForexforextradingTechnical IndicatorstradingTrend Analysis

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