AUDUSD Head & Shoulders still in play
What seemed 3 months ago as a failed Head & Shoulders pattern turns out to be actually still in play. This time however, the moves in the recent 2 weeks showed a clearer picture against AUD. We already broke down from the neckline, followed by the ideal retracement back to it which is the ideal short position entry. Target is the demand zone outlined in the chart.
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.