AUDNZD - Double H&SThe first Head & Shoulders pattern, it's clearly confirmed with the neckline breakout. Likewise the second. The target price is determined by measuring the distance from the head to the neckline, then the target starts from the neckline that is breakout. The first pattern, the target price is around 819 pips, which is around 479 pips have been reaching, remaining around 340 pips more. The second pattern, the target price is in around 533 pips, which is 194 have been reaching, remain around 339 pips more.
The remaining of the first and second pattern price targets more or less at the same target.
This is all just an idea based on the head & shoulders pattern, there is no guarantee that the target will be achieved or not. Because there really is no guarantee in the analysis.
Note : I don't give buy and sell signals. All my posts are just ideas. If you want to apply, do your own analysis first, make sure it matches your analysis. If not, then just trash this idea. So that you won't disappointed and blame the other party when everything does not fit the analysis.
