AUD/USD - Inverse head and shoulders
We can see that on the chart there is building up reversal pattern - Inverse Head and Shoulders. This is bullish reversal pattern and important is close above the neckline.
Wait for pullback (neckline), it should be good entry.
Targets: TP area (agressive)
0.382 Fibo (0.7076)
SL: Below the right shoulder -> 0.70260
Wait for entry! Wait for neckline breakout and pullback!
Wait for pullback (neckline), it should be good entry.
Targets: TP area (agressive)
0.382 Fibo (0.7076)
SL: Below the right shoulder -> 0.70260
Wait for entry! Wait for neckline breakout and pullback!
Note
Valid pull-back and bounce. Note
Set your SL below the necklineTrade closed: target reached
Conservative Target 0.382 Fibo -> 0.7076 HIT
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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.
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.