AUDUSD now broken a very big Daily trendline with momentum fading to the upside. Now we appear to have a Head & Shoulders pattern also forming with a clear rejection of the previous trendline now showing the path of least resistance should be down. I shall be awaiting a break of the neckline and a retest before entering a short position.
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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.